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MBIA INC. COMPLETES 1.8 MILLION SHARE PUBLIC OFFERING

 MBIA INC. COMPLETES 1.8 MILLION SHARE PUBLIC OFFERING
 ARMONK, N.Y., Oct. 13 /PRNewswire/ -- MBIA Inc. (NYSE: MBI), the


holding company of Municipal Bond Investors Assurance Corporation (MBIA Corporation), announced that it has completed the offering of 1.8 million shares of common stock at $54.875 per share.
 The offering consists of 1,430,000 new shares being sold by MBIA Inc. and 370,000 shares being sold by Credit Local de France. MBIA Inc. will receive $75.2 million of net proceeds from the sale of its shares. The offering is being made through underwriters represented by Donaldson, Lufkin & Jenrette Securities Corporation and Lehman Brothers.
 On Oct. 1, 1992, the company sold $100 million of 30-year debentures. Rated 'Aa2' by Moody's Investors Service, Inc. and 'AA+' by Standard & Poor's Corporation, the issue was underwritten by Donaldson, Lufkin & Jenrette Securities Corporation.
 David H. Elliott, president and chief executive officer of MBIA, said, "These debt and equity offerings provide additional capital for future growth. The outlook for the company remains very favorable as growing infrastructure needs continue to fuel strong growth in both municipal bond issuance and insured bond volume."
 MBIA Inc., through its wholly owned subsidiary, MBIA Corporation, is the leading insurer of municipal bonds, including new issues and bonds traded in the secondary market. MBIA Corporation has a claims paying rating of Triple-A from Moody's Investors Service, Inc. and Standard & Poor's Corporation and municipal bonds insured by MBIA Corporation receive these ratings. MBIA Inc. is listed on the New York Stock Exchange under the symbol MBI.
 A prospectus relating to the offering of the shares may be obtained from the Prospectus Department, Donaldson, Lufkin & Jenrette Securities Corporation, 140 Broadway, New York, New York 10005, (212) 504-3000.
 -0- 10/13/92
 /CONTACT: Michael C. Ballinger of MBIA, 914-765-3893/
 (MBI) CO: MBIA Inc. ST: New York IN: FIN SU: OFR


SM -- NY014 -- 9161 10/13/92 09:23 EDT
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Publication:PR Newswire
Date:Oct 13, 1992
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