AIG raises $6 billion from AIA share sale

The deal attracts more than $9 billion of demand, but prices at the maximum 7% discount.

AIG raises $6 billion from AIA share sale

American International Group AIG early this morning raised HK$46.7 billion $6 billion from the sale of close to half its remaining stake in pan-Asian life insurer AIA through a block trade that was priced at the maximum 7% discount. The deal came as AIA has gained 20% so far this year and after the stock closed level with its record high of HK$29.55 on Tuesday last week.

Even so, the offering attracted a...

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