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.
Key characteristics
| Issuer | Aegon Bank N.V. |
| Programme Limit | EUR 5 billion |
| Collateral | Prime Dutch residential mortgage loans |
| Minimum covenanted over-collateralization | 10% |
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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 |
|
| Amount | EUR 500,000,000 |
| Issue date | June 21, 2019 |
| Maturity date | June 21, 2024 |
| Coupon | 0.625%, paid annually |
| ISIN | XS2008921947 |
