Arab Today, arab today us treasury to sell 18 bn of aig stock
Last Updated : GMT 13:27:38
Arab Today, arab today
Arab Today, arab today

US Treasury to sell $18 bn of AIG stock

Arab Today, arab today

Arab Today, arab today US Treasury to sell $18 bn of AIG stock

Washington - AFP

The US Treasury Department announced Sunday that it has launched a public offering of $18 billion of its common stock in AIG, the giant insurer bailed out by the US government. Treasury will also grant a 30-day option to the offering\'s underwriters to purchase up to an additional $2.7 billion of AIG common stock to cover any over-allotments.

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