MGIC Investment Corp, founded in 1950 and headquartered in Milwaukee, Wisconsin, is a prominent provider of mortgage insurance and risk management solutions aimed at enhancing homeownership opportunities. The company primarily offers mortgage insurance products, which protect lenders against defaulted loans, thereby facilitating access to credit for borrowers.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MTG 5.25% 2028-08-15 USDMGIC Investment Corp | United States | 2028-08-15 | 5.250 | 5.21 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
MGIC has been active in the bond market since the early 1990s, with significant issuances aimed at financing its insurance operations and maintaining regulatory capital requirements. Notable bond offerings include the $300 million worth of unsecured senior notes issued in 2021, which featured competitive yields relative to industry standards. As of October 2023, MGIC's bonds are yielding approximately 4.5%, reflecting a healthy demand within the mortgage insurance sector. Recent news includes the company's strategic plans to utilize proceeds from future bond offerings to bolster its capital position amid fluctuating market conditions.