Maiden Holdings Ltd has announced that its wholly-owned US holding company Maiden Holdings North America Ltd has priced the offering of $100 million aggregate principal amount of 8.25 percent senior notes due June 15, 2041.The notes, which are fully and unconditionally guaranteed by Maiden, will be redeemable for cash, in whole or in part, on or after June 15, 2016, at 100 percent of their principal amount to be redeemed plus accrued and unpaid interest to but excluding the redemption date.Maiden Holdings North America intends to apply to list the notes on the New York Stock Exchange and expects trading to begin within 30 days after issuance. The offering is expected to close on June 24, 2011, subject to customary closing conditions. Maiden Holdings North America has granted the underwriters a 30-day option to buy up to an additional $15 million aggregate principal amount of notes to cover over-allotments, if any.The net proceeds will be used to redeem a portion of Maiden Holdings North America's outstanding 14 percent coupon trust preferred securities (TRUPs). It anticipates that approximately $100 million aggregate liquidation amount of TRUPs will be redeemed on July 15, 2011. Pursuant to the terms of the TRUPs, the company will incur a non-recurring call premium charge of approximately $14 million, which will be reported in Maiden's second-quarter results.