Robert H. Benmosche, president and chief executive officer of American International Group, predicted that AIG's repayment of a line of credit it has with the Federal Reserve Bank of New York (FRBNY) could be complete before the end of this year, a company spokesperson confirmed.
AIG had previously announced that repayment to the FRBNY would close by the end of the 2011 first quarter.
Additionally, the spokesperson confirmed statements made by Mr. Benmosche about the possibility of AIG offering an undisclosed amount of stock in early 2011.
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