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AIG Prices Two-Part Subordinated Benchmark Bond Issue

Last Update: 5/16/2008 7:00:46 AM

LONDON (Dow Jones)–American International Group Inc. (AIG) has priced its
two-part, junior, subordinated, benchmark bond issue through bookrunners Citi and
JPMorgan, one of the banks managing the deal said Friday.

Terms are as follows:

Amount: GBP900 million
Coupon: 8.625%
Reoffer Price: 99.914
Spread: 385 basis points over gilts
Yield: 8.638%
Amount: EUR750 million
Coupon: 8%
Reoffer Price: 99.552
Spread: 386.1 basis points over bunds
Yield: 8.067%
Final Maturity: May 22, 2068
Payment Date: May 22, 2008
Debt Ratings: Aa3 (Moody’s)
A (Standard & Poor’s)
A+ (Fitch)
Listing: Irish Stock Exchange
Interest: Semiannual

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