Aegon announces the pricing of an offering of EUR 700 million subordinated notes, first callable on April 25, 2024 and maturing on April 25, 2044.
The coupon will be fixed at 4% until the first call date and floating thereafter. Net proceeds from this issuance will be used for general corporate purposes, including the potential refinancing of outstanding debt.
The notes are expected to be rated BBB, Baa2 and BBB by Standard & Poor's, Moody's and Fitch, respectively. The notes are expected to be Tier 2 compliant under Solvency II.
The notes will be issued under Aegon's base prospectus. Application will be made to list the notes on NYSE Euronext in Amsterdam. The offering is expected to be settled on April 25, 2014 and the notes are expected to be admitted for trading on NYSE Euronext in Amsterdam following the settlement. Copies of the base prospectus and applicable final terms are available.
NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OR ANY OTHER JURISDICTION IN VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
The notes described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'US Securities Act') and are subject to certain United States tax law requirements. The notes may not be offered, sold or delivered in the United States absent registration or an applicable exemption from the registration requirements under the US Securities Act. There will be no public offering of the notes in the United States. For a further description of restrictions on offers, sales, resales and deliveries of notes, see 'Subscription and Sale' in the base prospectus.