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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 3/31/2010 in the Prospect News High Yield Daily.

RAM Holdings buys $10 million of 6 7/8% notes at $5.5 million cost

By Jennifer Chiou

New York, March 31 - RAM Holdings Ltd. announced the repurchase and cancellation of $10 million of its $35 million of 6 7/8% senior notes due 2024.

The company said it paid $5.5 million, realizing a gain of $4.5 million.

RAM is a Hamilton, Bermuda-based holding company, and RAM Reinsurance Co. Ltd. provides financial guaranty reinsurance for public finance and structured finance transactions.


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