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TRIAD GUARANTY ANNOUNCES INITIAL PUBLIC OFFERING

 WINSTON-SALEM, N.C., Oct. 22 /PRNewswire/ -- Triad Guaranty Inc. announced today the initial public offering of 2.3 million shares of its common stock at $16.00 per share. The company has also granted the underwriters an option to purchase up to an additional 345,000 shares to cover over-allotments, if any. Interstate/Johnson Lane Corporation, J.C. Bradford & Co., and The Chicago Corporation are the managers of an underwriting syndicate offering the stock to the public.
 The company will use substantially all of the net proceeds from the sale of common stock to increase the capital of its insurance subsidiary, Triad Guaranty Insurance Corporation. The company anticipates Triad receiving an "AA-" rating of its claims-paying ability from Standard & Poor's following the offering. This will greatly enhance Triad's growth potential and in turn benefit its new stockholders.
 The common stock will trade on the National Association of Securities Dealers Automated Quotation (NASDAQ) National Market System under the symbol "TGIC."
 Triad Guaranty Inc. is a holding company engaged through its insurance subsidiary in providing private mortgage insurance coverage in the United States to residential mortgage lenders, including mortgage bankers, mortgage brokers, commercial banks and savings institutions. Triad is based in Winston-Salem, N.C. and has offices in Atlanta and Chicago.
 -0- 10/22/93
 /CONTACT: David Whitehurst, CFO of Triad Guaranty, 205-951-4433/
 (TGIC)


CO: Triad Guaranty Inc. ST: North Carolina IN: INS SU: OFR

MM -- CH006 -- 5738 10/22/93 12:42 EDT
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Publication:PR Newswire
Date:Oct 22, 1993
Words:242
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