Aegon Bank N.V. can issue debt under its Soft Bullet Covered Bond program, and issue Senior Non-Preferred notes. In the past, Aegon Bank N.V. issued debt through its Conditional Pass-Through Covered Bond program. In addition, Aegon Bank N.V. has set up and retained a SAECURE RMBS transaction. See more information below.
Soft Bullet Covered Bond program
Key characteristics
| Issuer | Aegon Bank N.V. |
| Programme Limit | EUR 5 billion |
| Collateral | Prime Dutch residential mortgage loans |
| Minimum covenanted over-collateralization | 5% |
Downloads
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Conditional Pass-Through Covered Bond program
Key characteristics
| Issuer | Aegon Bank N.V. |
| Programme Limit | EUR 5 billion |
| Collateral | Prime Dutch residential mortgage loans |
| Minimum covenanted over-collateralization | 10% |
Downloads
View information about our Conditional Pass-Through Covered Bond program
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Aegon Bank senior non-preferred notes
The issuance of senior non-preferred notes supports the growth ambitions of Aegon Bank and results in a balanced mix of secured and unsecured funding instruments. The senior non-preferred notes will comply with the requirements of the National Resolution Authority (NRA) and will contribute in meeting the (as of yet non-binding) indicative MREL target.
| Senior Non-Preferred notes 0.625%, due 06/2024 |
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| Amount | EUR 500,000,000 |
| Issue date | June 21, 2019 |
| Maturity date | June 21, 2024 |
| Coupon | 0.625%, paid annually |
| ISIN | XS2008921947 |
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SAECURE 19
In May 2020, SAECURE 19 was issued (Also see the SAECURE program page). Aegon Bank acted as Seller in this transaction. At issuance, this transaction was fully retained by Aegon Bank.
Key characteristics
| ISSUER | SAECURE 19 B.V. |
| Amount | EUR 1,621,100,000 |
| Collateral | Prime Dutch residential mortgage loans |
| Issue date | May 28, 2020 |
| FORD | October 28, 2026 |
| Coupon | Class A: 0.5% per annum, paid quarterly, Class B: 0% |
| ISIN | Class A: XS2180667474, Class B: XS2180667631 |
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