AIG Raises $2 Billion in First Bonds Since Bailout
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American International Group Inc., the insurer rescued by the U.S. government, sold $2 billion of bonds in its first offering since the bailout in 2008.
AIG issued $500 million of 3.65 percent notes due January 2014 that yield 295 basis points more than similar-maturity Treasuries, and $1.5 billion of 6.4 percent debt due December 2020 at a spread of 362.5 basis points, according to data compiled by Bloomberg. The bonds rose in trading today.