Ambac Financial Group, Inc. (ABK) said Thursday that it has entered into a series of debt for equity exchanges with certain holders of Ambac's 9?% debentures, due August 2011.
Under the terms of the exchange agreements, the company issued, or will issue, about 5.04 million shares of its common stock in exchange for $8.5 million in aggregate principal amount of debt to the bondholders.
Following the issuance of the shares there will be about 293.42 million shares outstanding.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.