FRBNY to wind up Maiden Lane III with $11.9bn asset sale
The Federal Reserve Bank of New York (FRBNY) has requested bids for 20 securities contained within the Maiden Lane III portfolio in a move that could herald the completion of the bank's attempt to wind down its bailout of American International Group (AIG).
The FRBNY approached the usual suspects of Wall Street dealmakers with an offering of 20 securities with a combined face value of $11.9bn, according to information on its website.
The offering comes as the bank attempts to...
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