MBIA Inc., the holding company of Municipal Bond Investors Assurance Corp., Friday notified the Securities and Exchange Commission it intends to sell $100 million of new bonds and 1.8 million shares of common stock.

The company already has $198 million in bonds outstanding. The proceeds of the new issue, which will be underwritten by Donaldson, Lufkin & Jenrette Securities Corp., will help increase MBIA Inc.'s capacity to enhance new credits.

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