NEW YORK--(BUSINESS WIRE)--December 18, 2013-- American International Group, Inc. (NYSE: AIG) today announced that it will redeem all of its outstanding 4.250% Notes Due 2014 (CUSIP No. 026874CA3) (the "Notes") on January 17, 2014 (the "Redemption Date"). On the Redemption Date, AIG will pay to the registered holders of the Notes a redemption price per $1,000 principal amount of Notes as determined in accordance with the indenture governing the Notes, plus accrued and unpaid interest to, but not including, the Redemption Date. As of December 18, 2013, $1,196,385,000 aggregate principal amount of Notes were outstanding.
I say they are spending the money already