MBIA advances day after preliminary pact reached with PREPA bondholder group [Seeking Alpha]
MBIA Inc. (MBI)
US:NYSE Investor Relations:
investor.mbia.com
Company Research
Source: Seeking Alpha
MBIA Inc. ( MBI ) reaches its highest intraday price in more than a month after Puerto Rico's Financial Oversight Board announced a preliminary agreement with a group of Puerto Rico Electric Power Authority bondholders. On Monday, the Financial Oversight and Management Board of Puerto Rico announced a preliminary restructuring support agreement with the ad hoc group of PREPA bondholders, PREPA, and the Fiscal Agency and Financial Advisory Authority. Under the agreed-upon terms, bondholders will exchange outstanding PREPA bond debt for two classes of new securitization bonds. The Tranche A bonds will be exchanged at 67.5 cents on the dollar and are expected to mature in 40 years, while the Tranche B “growth” bonds will be tied to the economic recovery of Puerto Rico and will mature in 45 years. The Tranche B Bonds will be exchanged at 10 cents on the dollar. MBIA shares earlier touched $10.45, its highest intraday price since June 14. Previously: MBIA sees rejecte
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MBI
News
- MBIA Inc. Investor Conference Call to Discuss First Quarter 2024 Financial Results Scheduled for Friday, May 10 at 8:00 A.M. Eastern Time [Yahoo! Finance]Yahoo! Finance
- MBIA Inc. Investor Conference Call to Discuss First Quarter 2024 Financial Results Scheduled for Friday, May 10 at 8:00 A.M. Eastern TimeBusiness Wire
- MBIA: More Value Can Come From The Insurance Subsidiaries [Seeking Alpha]Seeking Alpha
- MBIA Inc. (NYSE: MBI) had its price target lowered by analysts at Keefe, Bruyette & Woods from $9.00 to $7.50. They now have a "market perform" rating on the stock.MarketBeat
- MBIA Inc. (NYSE:MBI) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
MBI
Earnings
- 2/28/24 - Miss
MBI
Sec Filings
- 5/2/24 - Form 8-K
- 3/25/24 - Form ARS
- 3/21/24 - Form DEF
- MBI's page on the SEC website