Author: josph

  • American International Group Inc (NYSE:AIG) Aims To Redeem 4.250% Notes Due 2014

    American International Group Inc (NYSE:AIG) Aims To Redeem 4.250% Notes Due 2014

    Stocks of American International Group Inc (NYSE:AIG) slightly down in afterhours as it released that it will buy back all of its outstanding 4.250 percent Notes Due 2014  on January 17, 2014. The AIG on the Redemption Date will pay to the registered holders of the Notes a redemption price per $1,000 principal amount of Notes as determined in agreement with the agreement governing the Notes, in addition accrued and unpaid interest to, other than not including, the Redemption Date. As of December 18, 2013, $1,196,385,000 aggregate principal amount of Notes were outstanding.

    The firm declared in certain statements, including those describing the completion of the redemption, constitute forward-looking statements. These statements are not historical facts but instead represent only AIG’s belief regarding future events, many of which, by their nature, are inherently uncertain and outside AIG’s control. It is possible that actual results will differ, possibly materially, from the anticipated results indicated in these statements. Factors that could cause actual results to differ, possibly materially, from those in the forward-looking statements are discussed throughout AIG’s periodic filings with the SEC pursuant to the Securities Exchange Act of 1934.

    American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.