by Calculated Risk on 2/08/2008 12:12:00 AM

From the WSJ: MBIA Share Offering Boosted to $1 Billion

Bond-insurer MBIA Inc. said it boosted the size of a share offering to $1 billion from $750 million after it was oversubscribed by investors.

The Armonk, N.Y.-based company said it priced 82,304,527 shares of common stock at $12.15 a share to raise $1 billion.

MBI closed at $14.20 yesterday, so this offering is priced $2 under the current price.