Edition:
United Kingdom

Ambac Financial Announces Purchase Of COFINA Bonds And Withdrawal Of COFINA Bondholder Objection ​


Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Ambac Financial Group Inc ::AMBAC FINANCIAL GROUP - ‍AMBAC ASSURANCE CORPORATION ENTERED DEAL WITH BONDHOLDERS TO PURCHASE CERTAIN SALES TAX REVENUE CAPITAL APPRECIATION BONDS​.AMBAC FINANCIAL SAYS IN RELATION TO PURCHASE, COFINA BONDHOLDERS HAVE WITHDRAWN THEIR OBJECTION TO REHABILITATOR'S SEPT 25 MOTION.AMBAC FINANCIAL - AAC NOW OWNS 58% OF ITS INSURED COFINA BONDS WITH PURCHASE OF CERTAIN SALES TAX REVENUE CAPITAL APPRECIATION BONDS. 

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