The following article appeared on Ambac Financial Group, Inc.'s website. NEW YORK--Ambac Financial Group, Inc. (NYSE:ABK) today announced the closing of 6.15% $400 million Directly-Issued Subordinated Capital Securities (DISCS(SM)). The DISCs were sold at a discount to par to yield 6.199%. The article goes on to say that Ambac will use all of the net proceeds […]