AIG plans to price benchmark senior notes in three tranches Tuesday

By Aleesia Forni

Virginia Beach, July 7 – American International Group Inc. is planning to price a benchmark offering of senior notes (Baa1/A-/BBB+) in three tranches on Tuesday, according to an informed source and a 424B2 filed with the Securities and Exchange Commission.

BNP Paribas Securities Corp., BofA Merrill Lynch, U.S. Bancorp Investments Inc., HSBC Securities (USA) Inc., Lloyds Securities, Mizuho Securities, RBC Capital Markets LLC and RBS Securities Inc. are the bookrunners.

Proceeds will be used to fund a tender offer.

The insurance company is based in New York City.

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