(Reuters) - AIG
In the weeks after AIG's September 2008 near-collapse, the New York Fed created Maiden Lane III to buy collateralized debt obligations from AIG counterparties. The company contributed $5 billion and the bank put up $24.3 billion.
Last month, following a series of asset sales, the New York Fed loan was repaid. On Monday American International Group received its equity back, plus accrued interest. As of July 12, that amount was $5.56 billion, according to Fed data.
Under the original terms of the deal, profits from any future sales will be split between the bank and the company, with AIG getting a one-third share.
Excluding what was owed to AIG, the portfolio had a fair value of about $7.4 billion as of late last week.
Shares in AIG fell 16 cents to $31.28 in afternoon trading. (Reporting by Ben Berkowitz; Editing by Chizu Nomiyama)