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AIG Taps Wall Street

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American International Group Inc. (AIG) has succeeded at raising $2 billion by selling senior unsecured fixed rate notes to investors.

AIG, New York (NYSE:AIG), says $1.5 billion of the securities consisted of notes that pay an interest rate of 6.4% and are due in 2020.

AIG also sold $500 million in notes that pay a rate of 3.65% and are due in 2014.

The notes were registered with the U.S. Securities and Exchange Commission, according to reports filed with the SEC.

The debt offerings are the first AIG has conducted since the credit market crisis led the company to seek government help in September 2008.

- Allison Bell


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