Reuters logo
AIG prices $6.45 bln AIA stake offering near top - source
December 17, 2012 / 11:56 PM / 5 years ago

AIG prices $6.45 bln AIA stake offering near top - source

HONG KONG, Dec 18 (Reuters) - U.S. insurer American International Group has priced its $6.45 billion offering of shares in AIA Group Ltd near the top of an indicative range, a source with direct knowledge of the deal said on Tuesday, underscoring demand for the stock.

AIG priced the offering of 1.65 billion shares at HK$30.30, putting the total deal at about HK$50 billion ($6.45 billion), added the source, who was not authorized to speak publicly on the matter. The sale had been marketed at an indicative range of HK$29.65-HK$30.65 per share.

Deutsche Bank AG and Goldman Sachs Group Inc were hired as joint global coordinators for the offering, with Citigroup Inc, JPMorgan Chase & Co and Morgan Stanley also acting as bookrunners.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below