NEW YORK (AP) — American International Group Inc. said on Tuesday that it has been fully repaid for a $5 billion loan made to a fund established to help facilitate the insurance company’s taxpayer bailout during the 2008 financial crisis.

The fund, called Maiden Lane III LLC, was used in part to buy risky securities known as collateralized debt obligations from counterparties of an AIG subsidiary. The securities had fallen sharply in value during the financial crisis, and the fund began buying the CDOs to reduce AIG’s exposure to insurance-like contracts, called credit default swaps, written to cover defaults on the CDOs.

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