FRBNY’s left mortgage to help you Maiden Lane III (ML III) is totally repaid with attention
Treasury sold 207 mil shares out of AIG prominent inventory to possess proceeds out of $6.0 million. At exactly the same time, AIG completely paid back Treasury’s kept well-known collateral financing on AIG-had organization AIA Aurora LLC (AIA SPV) another type of mission auto you to definitely keeps average shares into the AIA Classification Limited (AIA) over annually before agenda.
This marked the newest retirement of history leftover debts due so you’re able to this new FRBNY from the financing into the AIG. The latest FRBNY also has the legal right to get well certain extra recurring earnings out of possessions kept by ML III. Read more “FRBNY’s left mortgage to help you Maiden Lane III (ML III) is totally repaid with attention”