MBIA Inc., the holding company for Municipal Bond Investors Assurance Corp., announced yesterday it has completed the sale of 1.8 million shares of common stock to institutional investors.

The stock offering, sold at $54.875 a share, includes 1.43 million of new shares from MBIA and 370,000 shares sold by Credit Local de France. Credit Local cut its interest in MBIA to 2.2%, from 3.2%. through the stock sale.

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