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Tuesday, Jul 7, 2026

AIG Raises Enough to Pay Off NY Fed Credit Line

Bailed-out insurer American International Group Inc. raised $27.71 billion cash in 10 days with the initial public offering of its Asian life business AIA and the sale of its global life unit American Life Insurance Co., enough to repay a credit facility from the Federal Reserve Bank of New York.

*For more on this story, read the full Reuters article.

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