Aegon N.V. Debt programs

Debt program Aegon N.V.

Most of Aegon's financial leverage is issued by Aegon N.V. Any issuance by Aegon Funding Company (AFC) is guaranteed by Aegon N.V..

Aegon N.V. has access to international capital markets under a USD 6 billion debt issuance program. Access to the capital market in the United States is made possible by a separate shelf registration.

Aegon also has access to domestic and international money markets through its EUR 2.5 billion commercial paper programs. (See the capital & liquidity section of Aegon's Integrated Annual Report for more details.)

To support its commercial paper programs and need for Letters of Credit (LOCs), and to enhance its liquidity position, Aegon maintains backup credit and LOC facilities with international lenders.

The Company's principal arrangement is a EUR 2 billion syndicated revolving credit facility maturing in 2019, and an additional LOC facility of USD 2.6 billion, which matures in 2021.

In addition, Aegon also maintains various shorter-dated bilateral backup liquidity, and committed and uncommitted LOC facilities.