trending Market Intelligence /marketintelligence/en/news-insights/trending/upny_1cISZj8BASc_8krZw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

AIG closes depositary share offering

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did

AIG closes depositary share offering

American International Group Inc. has closed its public offering of 20 million depositary shares, each share representing a 0.001% interest in its 5.85% series A noncumulative perpetual preferred stock, $25,000 liquidation preference per share, which is equivalent to $25.00 per depositary share.

The company expects net proceeds before expenses of $485.3 million.

The trade date was March 7 and the settlement date was March 14.

Merrill Lynch Pierce Fenner & Smith Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC were the joint book-running managers, while J.P. Morgan Securities LLC and RBC Capital Markets LLC served as joint lead managers. The senior managers were BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., NatWest Markets Plc and Standard Chartered Bank. ANZ Securities Inc., ING Financial Markets LLC, nabSecurities LLC, PNC Capital Markets LLC and Scotia Capital (USA) Inc. worked as co-managers, whereas Academy Securities Inc., Great Pacific Securities R. Seelaus & Co. LLC, Ramirez & Co. Inc. and The Williams Capital Group LP were junior managers.