Aegon Bank N.V. issues debt through its Conditional Pass-Through Covered Bond Program, and by issuing senior non-preferred notes. See more information on the transactions by Aegon Bank below.
In October 2015, Aegon Bank established a EUR 5 billion Conditional Pass-Through Covered Bond Program, secured by prime Dutch residential mortgage loans.
This program is UCITS eligible and registered with the Dutch Central Bank. Issuances under this program are CRD compliant.
|Issuer||Aegon Bank N.V.|
|Programme Limit||EUR 5 billion|
|Collateral||Prime Dutch residential mortgage loans|
|Minimum covenanted over-collateralization||10%|
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
|Issue date||June 21, 2019|
|Maturity date||June 21, 2024|
|Coupon||0.625%, paid annually|