Aig announces closing of hybrid notes offering by corebridge financial, inc.

New york--(business wire)--american international group, inc. (nyse: aig) (“aig”) today announced that corebridge financial, inc. (“corebridge”), its majority-owned subsidiary, issued and sold $1.0 billion of 6.875% fixed-to-fixed reset rate junior subordinated notes due 2052 (the “notes”). corebridge intends to use the net proceeds from this offering to repay a portion of the remaining $1.9 billion outstanding principal balance of the $8.3 billion promissory note previously issued by corebridg
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