AIG closes €1.1 billion euro-denominated note sale in two tranches
What's the deal? American International Group (AIG) has closed a €1,125,000,000 euro-denominated senior note offering, split across two tranches. The insurer issued €625,000,000 of 4.250% notes due 2031 and €500,000,000 of 4.750% notes due 2036, according to a Form 8-K filed with the Securities and Exchange CommissionDealroom has a profile for this one. Try Dealroom → on September 24, 2026.
Who's involved? Deutsche Bank AG, London Branch; J.P. Morgan Securities plcDealroom has a profile for this one. Try Dealroom →; BNP Paribas; and Citigroup Global Markets LimitedDealroom has a profile for this one. Try Dealroom → acted as lead underwriters. The Bank of New York MellonDealroom has a profile for this one. Try Dealroom → serves as trustee, and Sullivan & Cromwell LLPDealroom has a profile for this one. Try Dealroom → provided a legal opinion affirming the validity of the notes.
Why now? The underwriting agreement was executed on September 15, 2026, with both tranches finalised on September 24. The staggered five- and 10-year maturities give AIG a spread of repayment dates and lock in fixed rates in euros.
The signal: The raise ranks in the 90th percentile of all-time post-IPO debt rounds in US fintech, based on a sample of 753 comparable deals. For an established insurer, tapping the euro bond market at this scale points to continued appetite among large financial firms for locking in long-dated funding.
