AIG Repaying $4 Billion to Government

Filed under: Amer Intl Group (AIG)

Monday morning, embattled insurer American International Group (AIG) announced that it is repaying $4 billion in bailout loans to the government.



The loans will be repaid thanks to a recently completed $4.4 billion debt sale at International Lease Finance Corp. -- the company's aircraft leasing company. This payment should cut AIG's remaining balance with the Federal Reserve Bank of New York to $15 billion (or so).

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AIG Repaying $4 Billion to Government originally appeared on BloggingStocks on Mon, 23 Aug 2010 17:00:00 EST. Please see our terms for use of feeds.

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Federal Reserve Bank of New York - American International Group - International Lease Finance Corporation - Government - Aircraft lease

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