AIG to sell Nan Shan

AIG is apparently renegotiating with the Government for a lower interest rate and possibly a higher loan package of $150 bil instead of $123 bil. The initial credit line by the Government has a 2-year term and an onerous interest rate above 10%.

Meanwhile, it was also reported that AIG would sell stake in the 95% owned Taiwan's Nan Shan Life Insurance.

Source: The Star 1, The Star 2, Alibaba