AIG Sells $519M Premium ABS

July 25, 2002

American International Group Inc. recently offered about $519 million in asset- backed securities, supported by insurance premiums from its commercial policyholders, market sources said.

Salomon Smith Barney headed the deal’s syndicate group that included ABN- AMRO, Banc of America Securities LLC and Banc One Capital Markets, the sources said.

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