AIG plans one more "liability management" exercise in 2013, says management on the earnings call...

|By:, SA News Editor
AIG plans one more "liability management" exercise in 2013, says management on the earnings call (slides), and that's the call of at least part of $7.4B in hybrids. Together with other actions taken, it should reduce the company's annual interest tab by $290M (company earned about $2B in Q1). Shares +2.3% premarket.