Filed Under:Markets, Company News

AIG to Secure Upwards of $6 Billion Following Fed Sale of Maiden Lane Securities

Photo credit: AP Images
Photo credit: AP Images

American International Group will accrue between $3.8 billion and $5.8 billion as a result of the recent successful sale by the Federal Reserve Board of securities held in the Maiden Lane III facility, according to analysts at Sterne Agee in New York.

In an investor’s note Friday, Sterne Agee analysts John M. Nadel, Dan Farrell, Alex Levine and Nitin Chhabra also estimated that $20 billion (face amount) of collateralized debt obligations backed by mortgage-backed securities of various grade remain in the facility after all the latest sales in a favorable market.

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Nichole Morford

Nichole Morford
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