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Prospect News home > News index > List of issuers Tenders > Headlines for 2018 > News item
Published on 4/20/2018 in the Prospect News Liability Management Daily.

AIG plans to redeem all 8% series A-7, 8.625% series A-8 debentures

By Sarah Lizee

Olympia, Wash., April 20 – American International Group, Inc. plans to redeem all €12.35 million of its outstanding 8% series A-7 junior subordinated debentures and all £5.5 million of its outstanding 8.625% series A-8 junior subordinated debentures due May 22, 2038, according to a press release.

The debentures will be redeemed on May 22 at par plus accrued interest up to but excluding the redemption date.

The Bank of New York Mellon is the trustee for the debentures.

The insurance company is based in New York.


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