MBIA: Question of the Day
From:
http://calculatedrisk.blogspot.com/2008/01/mbia-question-of-day.html
MBIA: Question of the Day
Brian asks: “How many other AAA rated companies are raising money at 14%?”
From Reuters: MBIA $1 bln debt sale may yield 14 percent-investor
A planned $1 billion debt sale by a unit of MBIA Inc may yield about 14 percent, higher than levels discussed on Thursday … Investors on Thursday said dealers were negotiating a coupon rate between 9 percent and 12 percent, nearly double what similarly rated bonds offer.
