In addition, they announced (finally) that all the Maiden Lane loans (including ML I) had been fully repaid with interest.
It now seems likely that AIG will receive at least their $5 billion principal investment and $600 million interest by early july.
The current pace of sales, if it continues, will work through the remaining securities in a matter of weeks.
My current guess is that AIG will have $7 billion in cash available for an early July purchase of Treasury shares.
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1 comment:
We are really making some progress and at quite a clip.
Next week should be very good for us. Cheers
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