AIG will close the institutional books for the AIA IPO on Tuesday, two days ahead of schedule due to strong demand. AIG will sell more than half its stakes in its Asian life insurance unit expecting to raise $20.5 bn.
Large Chinese institutions such as China Investment Corp, China Life and Ping An Insurance are expected to take stakes in the IPO.
Online media in Hong Kong on Monday reported that banks are offering record low interest rates for margin loans to invest in the AIA IPO.
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