City & Corporate: College Hill wins bond job

One of the few monoline bond insurers to survive the US sub-prime meltdown has hired PR support as it looks to regrow its European business.

Assured Guaranty (Europe) has appointed College Hill as its retained PR adviser in the UK and throughout Europe.

Nick Proud, CEO of AGE, said: 'Monoline bond insurance is back. We are seeing a resurgent investor appetite for insuring infrastructure bonds and expect to close a number of deals in 2012.

'We have appointed College Hill to raise awareness of Assured Guaranty and the benefits of credit enhancement and risk management that we provide for both bondholders and issuers.'

Although AGE lost its triple-A rating last year, it remains double-A rated. Other industry players including Ambac and FGIC collapsed into Chapter 11 bankruptcy protection.

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