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INITIAL PUBLIC OFFERING OF ENHANCE FINANCIAL SERVICES GROUP INC. 5,000,000 SHARES OF COMMON STOCK AT $18-1/4 PER SHARE

 INITIAL PUBLIC OFFERING OF ENHANCE FINANCIAL SERVICES GROUP INC.
 5,000,000 SHARES OF COMMON STOCK AT $18-1/4 PER SHARE
 NEW YORK, Feb. 12 /PRNewswire/ -- Underwriters announced the initial public offering of 5,000,000 shares of common stock of Enhance Financial Services Group Inc. at a price of $18-1/4 per share. Of the 5,000,000 shares of common stock being offered, 750,000 shares are being sold by the company and 4,250,000 shares are being sold by certain shareholders. The common stock has been approved for listing on the New York Stock Exchange under the trading symbol "EFS."
 Of the shares, 4,250,000 shares are being offered in the United States by Salomon Brothers Inc, Merrill Lynch & Co. and Donaldson, Lufkin & Jenrette Securities Corporation; and 750,000 shares are being offered outside the United States and Canada by Salomon Brothers International Limited, Merrill Lynch International Limited and Donaldson, Lufkin & Jenrette Securities Corporation. The selling shareholders have granted the U.S. Underwriters and the International Underwriters options to purchase up to 637,500 and 112,500 additional shares, respectively, solely to cover over-allotments, if any.
 The company is engaged principally in the reinsurance of financial guaranties of municipal and asset-backed debt obligations insured by monoline financial guaranty insurers. The company conducts substantially all of its business through Enhance Reinsurance Company and Asset Guaranty Reinsurance Company, its wholly owned financial guaranty subsidiaries.
 -0- 2/12/92
 /CONTACT: Sheila Brody of Enhance Financial Services Group Inc., 212-983-3100/ CO: Enhance Financial Services Group Inc. ST: New York IN: SU: OFR


PS -- NY097 -- 9479 02/12/92 18:12 EST
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Publication:PR Newswire
Date:Feb 12, 1992
Words:272
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