MBIA (MBI) Rises After Approval to Make Interest Payment
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MBIA Inc. (NYSE: MBI) is seeing action after approval to make interest payment.
From the filing:
MBIA Inc. (the “Company”) announced today that its wholly-owned subsidiary MBIA Insurance Corporation has received approval from the New York State Department of Financial Services to make the July 16, 2012 scheduled interest payment on its 14% Fixed-to-Floating Rate Surplus Notes due 2033, and will make such payment as scheduled.
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From the filing:
MBIA Inc. (the “Company”) announced today that its wholly-owned subsidiary MBIA Insurance Corporation has received approval from the New York State Department of Financial Services to make the July 16, 2012 scheduled interest payment on its 14% Fixed-to-Floating Rate Surplus Notes due 2033, and will make such payment as scheduled.
Shares are up 3%
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