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Assured Guaranty Ltd | 6.25% Notes due November 1, 2102 (AGO.PRE)
This preferred is marked as having been called.
Prospectus excerpt: This is an offering of 6.25% Notes due November 1, 2102 (the "Notes") to be issued by Financial Security Assurance Holdings Ltd. ("FSA Holdings"). The Notes offered by this prospectus supplement will constitute an additional issuance of Notes, $155,000,000 of which will also be issued on and outstanding after November 26, 2002. All $230,000,000 of Notes will be part of the same series. The Notes will be general unsecured, unsubordinated obligations of FSA Holdings. The Notes will mature on November 1, 2102. The Notes will bear interest from November 26, 2002, at the rate of 6.25% per annum, payable quarterly on February 1, May 1, August 1 and November 1 of each year, commencing on February 1, 2003. We will have the right to redeem the Notes or accelerate the maturity of the Notes in certain circumstances if we are unable to deduct interest paid on the Notes. The Notes also will be redeemable at our option, in whole or part, at any time on or after November 26, 2007, upon not less than 20 nor more than 60 days notice, at a redemption price equal to 100% of the principal amount redeemed plus accrued and unpaid interest to the redemption date. The Notes will be issued in minimum denominations of $25 and in multiples of $25. Full Prospectus PDF », Secondary Prospectus PDF », AGO Page »
Alternate symbology: | AGO-E, AGO-PE, AGOprE | Redeemable?: | Yes | Call Date: | 11/26/2007 (Now Trading Post Call Date) | Maturity Date: | 11/1/2102 | Cumulative?: | Yes | Shares Offered: | 3,000,000 | Liquidation Preference: | $25.00 | Original Coupon: | 6.25% | Pay Period: | Quarterly | Pay Dates: | 1-Feb, 1-May, 1-Aug, 1-Nov | CDx3 Compliance Rating: |
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Assured Guaranty is a holding company. Through its subsidiaries, Co. provides credit protection products and asset management services. In the Insurance segment, Co. applies its credit underwriting judgment, risk management skills and capital markets experience primarily to provide financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. In the Asset Management segment, Co. provides asset management services through Assured Investment Management LLC and its investment management affiliates. Preferreds: AGO.PRB, AGO.PRE, AGO.PRF Open the AGO Information Page »
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