Bailed out U.S. insurer AIG is seeking to raise about $6 billion by selling part of its stake in AIA Group Ltd <1299.HK>, according to a term sheet seen by Reuters on Monday.

AIG is offering about 1.7 billion shares in a range of HK$27.15-27.50 per share, or a discount of up to 7 percent to Friday's close, the term sheet showed

Earlier, AIA suspended trading in its shares.

(Reporting by Fiona Lau and Denny Thomas; Editing by Ed Davies)

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