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CAPITAL RE CORPORATION FILES $75 MILLION OF DEBENTURES

 CAPITAL RE CORPORATION FILES $75 MILLION OF DEBENTURES
 NEW YORK, Oct. 23 /PRNewswire/ -- Capital Re Corporation (NYSE: KRE) announced today the filing of a registration statement with the Securities and Exchange Commission covering the public offering of $75 million of debentures. Goldman, Sachs & Co. and Alex. Brown & Sons Incorporated will underwrite the proposed offering.
 The net proceeds of the offering will primarily be used to increase the capital of Capital Re Corporation's subsidiary Capital Reinsurance Company.
 Capital Re Corporation is the holding company for Capital Reinsurance Company, a professional reinsurance company dedicated to serving the U.S. domestic and international financial guaranty insurance markets. Capital Re has established itself as a leading specialty reinsurer of financial guaranties of investment grade debt obligations, concentrating on municipal bond insurance.
 -0- 10/23/92
 /CONTACT: Cathy Bailey of Capital Re Corporation, 212-974-0100/
 (KRE) CO: Capital Re Corporation ST: New York IN: FIN SU:


TS -- NY015 -- 4041 10/23/92 09:56 EDT
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Publication:PR Newswire
Date:Oct 23, 1992
Words:159
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