Most of AEGON's external debt is issued by the parent company, AEGON N.V., as well as a limited number of other AEGON Group companies whose securities are guaranteed by AEGON N.V. AEGON N.V. has employed its regular access to the capital markets through private placements issued under its USD 6 billion Program  for the Issuance of Debt Instruments and under a separate US shelf registration. AEGON N.V. and AEGON Funding Corp. have also filed a Registration Document with the Netherlands Authority for the Financial Markets to facilitate the issuance of financial instruments under the European Prospectus Directive.

The AEGON N.V. and AEGON Funding Corp.'s USD 4.5 billion Euro and US Commercial Paper Programs facilitate access to international and domestic money markets, when required. AEGON maintains back-up credit facilities to support outstanding amounts under its Commercial Paper Programs. The principal arrangement is a USD 5 billion syndicated facility maturing in 2010 and extendable until 2012, of which USD 3 billion acts as a back-up facility for AEGON's Commercial Paper Programs. At December 31, 2005, AEGON N.V. had EUR 2.0 billion outstanding under its Medium Term Notes Program and no amounts under its Commercial Paper Programs.

See related links and documents on the right for detailed informaton on the programs.