Assured Guaranty Ltd. Closes Debt Offering

Tuesday, May 18, 2004 1:32 pm EDT

Dateline:

HAMILTON, Bermuda

Public Company Information:

NYSE:
AGO

HAMILTON, Bermuda--(BUSINESS WIRE)--Assured Guaranty Ltd. (NYSE:AGO) announced the completion of a $200 million 30-year senior note offering by its subsidiary, Assured Guaranty US Holdings Inc. The senior notes are guaranteed by Assured Guaranty Ltd. The proceeds of the debt offering will be used to repay a $200 million note issued to a subsidiary of ACE Limited prior to the Company's IPO in April 2004. While the coupon on the senior notes is 7.00%, the effective rate will be approximately 6.2% due to a treasury hedge executed by the Company in March 2004.

Assured Guaranty Ltd. is a Bermuda-based holding company providing credit enhancement products to the municipal finance, structured finance and mortgage markets. More information can be found at www.assuredguaranty.com.

Contact:

Assured Guaranty Ltd., Hamilton
Investors:
Sabra Purtill, 441-296-4004
spurtill@assuredguaranty.com
or
U.S. Media:
Barbara Van Hassel, 212-261-5580
bvanhassel@assuredguaranty.com