Investors baulk at AIG’s $1.5bn 144A but GECC wins FRN praise

08 May 2003

AIG tested the limits of what investors will take in terms of new issue spreads this week with a $1.5bn two tranche offering of five and 10 year bonds. The triple-A insurer has only ever come to the unsecured debt market once before and its Rule 144A issue, ...

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