MBIA was in the market last week with a series from its Meridian Funding, which is MBIA's "black box" medium term note funding vehicle.

The deal was structured as two $500 million, triple-A-rated A classes, with the five-year A1 class pricing at one-month Libor plus 30 basis points and the ten-year A2 class pricing at one-month Libor plus 42 basis points.

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