MBIA Sells $374M in Bankruptcy Claims to Reduce PREPA Exposure Risk

Reuters08-20

MBIA Sells $374M in Bankruptcy Claims to Reduce PREPA Exposure Risk

MBIA Incorporated has recently executed a significant transaction involving the sale of Custodial Receipts (CRs), which represent bankruptcy claims. On August 14, 2025, National, a subsidiary of MBIA, sold approximately $374 million face amount of CRs, corresponding to 47% of its principal bond claims in the ongoing PREPA Title III case. The bonds linked to these CRs had been fully satisfied through National's insurance claim payments. This move aims to reduce potential volatility and mitigate risks associated with National's remaining exposure to PREPA, amid ongoing uncertainties in the Title III case. Following this transaction, National no longer retains any additional CRs for sale.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MBIA Incorporated published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-110108), on August 19, 2025, and is solely responsible for the information contained therein.

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On August 14, 2025, National, a subsidiary of MBIA, sold approximately $374 million face amount of CRs, corresponding to 47% of its principal bond claims in the ongoing PREPA Title III case. The bonds linked to these CRs had been fully satisfied through National's insurance claim payments. This move aims to reduce potential volatility and mitigate risks associated with National's remaining exposure to PREPA, amid ongoing uncertainties in the Title III case. Following this transaction, National no longer retains any additional CRs for sale.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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ID: 0000950170-25-110108), on August 19, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MBI","symbol_name":"MBIA Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250819:nNDLbJyZmg:1","article_id":"2560123671","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2560123671","pubTimestamp":1755634575,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"MBIA Incorporated has recently executed a significant transaction involving the sale of Custodial Receipts , which represent bankruptcy claims. 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MBIA Inc","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MBI":"MBIA Inc","BK4107":"财产与意外伤害保险"},"translate_title":"MBIA出售3.74亿美元破产债权以降低PREPA风险","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MBI":0.9},"content_text":"MBIA Sells $374M in Bankruptcy Claims to Reduce PREPA Exposure Risk\n    \n\n        MBIA Incorporated has recently executed a significant transaction involving the sale of Custodial Receipts (CRs), which represent bankruptcy claims. On August 14, 2025, National, a subsidiary of MBIA, sold approximately $374 million face amount of CRs, corresponding to 47% of its principal bond claims in the ongoing PREPA Title III case. The bonds linked to these CRs had been fully satisfied through National's insurance claim payments. This move aims to reduce potential volatility and mitigate risks associated with National's remaining exposure to PREPA, amid ongoing uncertainties in the Title III case. Following this transaction, National no longer retains any additional CRs for sale.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MBIA Incorporated published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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