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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 11/9/2010 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

MBIA repurchases $26 million medium-term notes in third quarter

By Melissa Kory

Cleveland, Nov. 9 - MBIA Inc. repurchased $26 million of its medium-term notes at discounts during the third quarter ended Sept. 30, according to its third quarter financial report.

The repurchase resulted in net gains on the extinguishment of debt of $10 million.

Armonk, N.Y.-based MBIA provides financial guarantee insurance, investment management services and other services to public finance and structured finance clients.


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