AIG has raised almost $US37 billion ($36.4 billion) recently in its ongoing program to repay the US Government’s massive bailout loans.

Last week it completed the sale of its Alico life insurance unit to MetLife for $US16.2 billion ($15.97 billion).

The troubled financial services giant will also use the $US10.5 billion ($10.3 billion) raised from the initial public offering in Hong Kong of its Asian life insurance business AIA to repay debt.

AIG says it will use the money to repay its credit facility from the Federal Reserve Bank of New York – which carries particularly heavy credit charges – and to make payments on other US Government interests.