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Prospect News home > News index > List of issuers T > Headlines for Tenders 2012 > News item
Published on 6/12/2012 in the Prospect News Distressed Debt Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Ambac Assurance announces $289 million redemption of surplus notes

By Ashley Montgomery

Kansas City, Kan., June 12 - Ambac Assurance Corp. announced the redemption of $289 million of surplus notes.

The company also said it completed a $500 million redemption of surplus notes on June 7.

Ambac Assurance is a subsidiary of New York-based Ambac Financial Group, a company that provides financial guarantee insurance for public and structured finance obligations. Ambac Financial filed for bankruptcy on Nov. 8, 2010 in the U.S. Bankruptcy Court for the Southern District of New York under Chapter 11 case number 10-15973.


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