Bermuda re/insurer Maiden Holdings Ltd has raised more than $100 million on the capital markets.The company said on Friday that its US holding company, Maiden Holdings North America, Ltd, had closed its offering of $107.5 million aggregate principal amount of 8.25 percent senior notes due June 15, 2041.This includes $7.5 million aggregate principal amount of notes to be issued and sold by Maiden NA pursuant to the underwriters’ exercise in part of their over-allotment option, which notes are guaranteed by Maiden. The offering was priced on June 17.Net proceeds from the offering totalled approximately $104.7 million, after deducting the underwriting discount and estimated offering expenses payable by Maiden.The proceeds will be used to redeem a portion of Maiden NA’s outstanding 14 percent coupon trust preferred securities (TRUPs).With the underwriters’ exercise in part of their over-allotment option, Maiden now anticipates that approximately $107.5 million aggregate liquidation amount of TRUPs will be redeemed no later than July 15, 2011.Under the terms of the TRUPs, Maiden NA will now incur a non-recurring call premium charge of approximately $15.1 million, which will be reported in the company’s second-quarter results.