AIG Chairman Denies Second Debt Offer
NEW YORK (
) --
American International Group
(AIG) - Get Report
is not preparing to tap the bond markets anytime soon despite published reports that the insurer was planning another debt offering, says AIG chair Robert Steve Miller
in an interview with TheStreet.
"That is not what I said. We did a bond offering earlier this week. We got $2 billion, and that is exactly the amount that we had worked out that we had wanted. We were extremely pleased and it was oversubscribed, and it says the investor community believes in the recovery of AIG," Miller says.
In an interview at
The Deal's
Deal Economy conference on Thursday Miller said, "Well, we're having second thoughts," in response to a question if the company would tap debt markets again, according to a
Reuters
report. Later that evening
Bloomberg
also reported that AIG was planning a debt sale, citing sources with knowledge of the matter.
"It would be pure speculation to say when we would next be in the market, but we are very happy with what we got, and now the bond offering deal is complete," Miller says.
AIG issued $2 billion in bonds earlier this week. It was the first time it has issued debt since the government bailed out the insurer in 2008.
--Written by Maria Woehr in New York.
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