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AIG Raises $2B In Bond Sale

The American International Group has raised $2 billion through a two-part sale of notes.

The American International Group (AIG) has raised $2 billion through a two-part sale of notes, Reuters reports. The first tranche of $1.2 billion notes, with a coupon rate of 4.25 percent, will mature on Sept. 15, 2014.

The second tranche of $800 million notes, carrying a coupon rate of 4.875 percent, will mature on Sept. 15, 2016. Citigroup, Credit Suisse, Morgan Stanley and U.S. Bancorp were joint bookrunners for the offering.

Click here for the story from Reuters.

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