Allstate hires minority-only banks to sell bonds – Investopedia

Allstate hires minority-only banks to sell bonds – Investopedia

In a major bond sale in November, Allstate Corp. hired only minority, female or veteran owned investment banks. The move, announced by Allstate on Nov. 19, represents the largest corporate transaction managed solely by these financial institutions. The insurance giant also announced that it plans to double its transaction volume with various banks in 2021. […]

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