MBI MBIA increases share offering - WSJ (14.20 -0.08) -Update-
WSj reports that the bond-insurer MBIA Inc. boosted the size of a share offering to $1 bln from $750 mln after it was oversubscribed by investors, according to person close to the matter. Together with a previously announced $500 mln share-purchase by private-equity fund Warburg Pincus LLC and a $1 bln debt issue in January, the share offering brings the total amount of capital raised by MBIA to $2.5 bln. The Armonk, N.Y.-based company plans to use the proceeds of the offering to buttress its capital levels and preserve its coveted AAA credit rating, according to this person.
MBI MBIA increases share offering
Thursday, February 7, 2008
Posted by DayTrader RockStar at 7:27 PM
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment