Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Assured Guaranty US Holdings Inc. > News item |
Assured Guaranty offers $300 million 10-year notes; price talk Treasuries plus 162.5 bps area
By Devika Patel and Cristal Cody
Knoxville, Tenn., May 19 – Assured Guaranty US Holdings Inc. intends to sell $300 million of guaranteed senior notes due June 15, 2031, according to a market source.
The notes will be guaranteed by Assured Guaranty Ltd.
Price talk is in the 162.5 basis points area over Treasuries, the source said.
The notes feature a make-whole call and then a par call.
The bookrunners are Goldman Sachs & Co. LLC and BofA Securities, Inc.
Proceeds will be used for general corporate purposes, which may include the repurchase or redemption of all or a portion of the $100 million Assured Guaranty Municipal Holdings Inc.’s 6.875% Quarterly Interest Bonds due Dec. 15, 2101 and/or the $230 million 6.25% notes due Nov. 1, 2102, according to a 424B3 filing with the Securities and Exchange Commission.
Assured is a Hamilton, Bermuda, provider of credit enhancement for municipal finance, structured finance and mortgage markets.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.