Assured Guaranty, the holding company of the two principal players in the bond insurance industry, is expected to raise at least $499 million of capital today when its offering of 23.9 million common shares closes with underwriter UBS Securities.

UBS also has 30 days to purchase up to an additional 3.6 million common shares, which would give Assured another $76 million, for a total of $575 million in new capital.

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