AIG announces Swissie buyback as it retreats from non-core
American International Group announced a Sfr350m ($384.74m) maximum buyback on Monday, targeting all of its outstanding Swiss franc bonds. The exercise is part of the group’s deleveraging plans.
As a US dollar based issuer, AIG is looking to wind down its exposures to non-core currency assets as well as its corresponding liabilities.
The tender offer, which will expire at 5pm London time on May 8 and price the following day, targeted AIG’s Sfr350m 2.875% April 2015s, ...Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
 wins in UK election 13dec19 from PA 230x150.jpg)
