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AIG unit to sell mortgage-backed paper

Posted on July 15, 2009 1:40 PM
An American International Group Inc. unit has agreed to sell a portfolio of mortgage-backed certificates to Credit Suisse (USA) Inc. for between $925 million and $975 million.

In a Tuesday filing to the U.S. Securities and Exchange Commission, American General Finance Corp. said that it and three units agreed to the sale on July 8 and is expected to close the deal on July 30.

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