New Issue: AIG prices $1.5 billion 3.9% 10-year senior notes at Treasuries plus 200 bps

By Aleesia Forni

New York, March 17 – American International Group Inc. sold $1.5 billion of 3.9% senior notes (Baa1/A-/BBB+) on top of guidance at a spread of Treasuries plus 200 basis points, according to a market source and an FWP filed with the Securities and Exchange Commission.

The notes sold at 99.95 to yield 3.906%.

Initial guidance was in the 215 bps area over Treasuries.

Bookrunners are Barclays, Deutsche Bank Securities Inc., RBC Capital Markets LLC and U.S. Bancorp Investments Inc.

Proceeds will be used for general corporate purposes.

The insurance company is based in New York City.

Issuer:	American International Group Inc.
Amount:	$1.5 billion
Description:	Senior notes
Maturity:	April 1, 2026
Bookrunners:	Barclays, Deutsche Bank Securities Inc., RBC Capital Markets LLC, U.S. Bancorp Investments Inc., Mizuho Securities USA Inc., SMBC Nikko Securities America, Inc.
Co-managers:	ANZ Securities, Inc., ING Financial Markets LLC, nabSecurities, LLC, Natixis Securities Americas LLC, PNC Capital Markets LLC, Santander Investment Securities Inc., Scotia Capital (USA) Inc., SG Americas Securities, LLC, Standard Chartered Bank, UniCredit Capital Markets LLC
Coupon:	3.9%
Price:	99.95
Yield:	3.906%
Spread:	Treasuries plus 200 bps
Trade date:	March 17
Settlement date:	March 22
Price guidance:	Treasuries plus 200 bps, tightened from Treasuries plus 215 bps area
Make-whole call:	Treasuries plus 30 bps prior to Jan. 1, 2026, then callable at par
Ratings:	Moody’s: Baa1
	Standard & Poor’s: A-
	Fitch: BBB+
Distribution:	SEC registered

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