Assured Guaranty offers $300 million 30-year bonds at Treasuries plus 200 bps area

By Cristal Cody

Chicago, Aug. 17 – Assured Guaranty US Holdings Inc. is in the market with a $300 million offering of 30-year bonds that are being talked with a spread in the Treasuries plus 200 basis points area, according to a market source.

The notes due Sept. 15, 2051 are guaranteed by Assured Guaranty Ltd.

The notes have a make-whole call and a par call a period of months before the maturity date.

BofA Securities Inc. and Goldman Sachs & Co. LLC are joint bookrunners.

Bank of New York Mellon is the trustee, according to a 424B3 filing with the Securities and Exchange Commission.

Proceeds will be used to redeem or repurchase certain debt.

The company intends to list the notes on the New York Stock Exchange.

Assured is a Hamilton, Bermuda, provider of credit enhancement for municipal finance, structured finance and mortgage markets.

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