Financial Security Assurance Inc.'s initial public offering has been postponed, but the bond insurer will still restructure its commercial real estate portfolio, FSA and U S West Capital Corp. said in a press release Friday.

On Wednesday, lead underwriter Salomon Brothers Inc. attempted to price 13.5 million shares of FSA common stock, but bankers involved in the deal said U S West Inc., FSA's ultimate parent company, was dissatisfied with the price.

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