Wednesday, September 17, 2008

Breaking News-RTRS-AIG expects to repay $85billion loan in full, remain "substantial" market participant

Sept 16 (Reuters) - American International Group Inc's board of directors, in a statement on the announcement by the U.S. Federal Reserve of an $85 billion secured revolving credit facility
* Says expects proceeds of asset sales to be sufficient to repay loan in full
* says "policyholders of its companies around the world can rest assured that AIG's commitments will continue to be honored"
* Says expects its businesses to continue as "substantial participants" in their respective markets