Tags: AIG | Consider | Second | Debt | Sale

AIG Said to Consider Second Debt Sale After $2 Billion Issue

Friday, 03 Dec 2010 02:12 AM

 

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American International Group Inc., the insurer selling assets to repay a government bailout, is contemplating another debt sale, a person familiar with the matter said.

The firm hasn’t considered a timeline for when it might sell more bonds, said the person, who declined to be identified because the terms aren’t set.

AIG raised $2 billion this week in its first bond sale since it was bailed out by the U.S. government in 2008. The New York-based insurer has sold more than 30 assets to repay the rescue, valued at $182.3 billion.

CNBC reported that AIG chairman Steve Miller said the firm is “having second thoughts” about the additional offering. Miller made the comment at the Deal’s Deal Economy conference, Reuters reported.

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