AIG files $22 billion shelf

By Susanna Moon

Chicago, June 22 - American International Group, Inc. registered to sell up to $22 billion of securities in an S-3 filing with the Securities and Exchange Commission.

Covered by the shelf are debt securities, warrants, purchase contracts, units, junior subordinated debentures, preferred stock, depositary shares and common stock. Securities may be issued as convertible.

Proceeds will be used for general corporate purposes.

The total size includes $16.46 billion previously registered but unsold.

AIG is an insurance and financial services company based in New York.

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