Skip to main content
Home
  • About us
    • Who we are
      • Our history
      • Our customers
      • Our brand
      • Art at Aegon
    • What we do
      • Our businesses
      • Our strategy
      • Integrated Annual Report
    • Governance
      • Executive Board
      • Executive Committee
      • Supervisory Board
      • Compliance
      • Governance documents
  • Investors
    • General
      • Analyst consensus
      • Annual reports
      • Financial calendar
      • Financial results
      • Aegon and IFRS 17
      • Capital Markets Day
      • Presentations archive
    • Capital & liquidity
      • About debt programs
      • Debt program Aegon N.V.
      • Dividend
      • Ratings
      • Share buyback program
    • Shareholders & AGM
      • Redomiciliation
      • Annual General Meeting
      • Extraordinary General Meeting
      • Major shareholders
      • Retail US shareholders
      • Share price tool
      • Contact investor relations
  • Newsroom
    • News
      • All News
      • Press releases
    • Media relations
      • Contact media relations
      • Media kit
  • Sustainability
    • Focus themes
      • Climate change
      • Inclusion & diversity
    • Our approach
      • Ambition & governance
      • Commitments, ratings & recognition
      • Reports & policies library
    • Stakeholder value
      • Responsible investment
      • Responsible tax
      • Community investments
      • Government & policy affairs
      • Human rights
      • Responsible procurement
      • Customer experience
      • Engaged workforce
  • Careers
    • Vacancies
      • Search
    • Working at Aegon
      • Inclusion & Diversity
      • Why Aegon?
    • Careers at Aegon
      • Career development
      • Graduates & Interns
  • Aegon country websites

    Select another Aegon website from the list of links below.
    • country flag
      Aegon Life (India)
    • country flag
      Transamerica (USA)
    • country flag
      Aegon Spain
    • country flag
      Mongeral Aegon (Brazil)
    • country flag
      Aegon Asset Management
    • country flag
      Aegon THTF (China)
    • country flag
      Aegon United Kingdom
  • Filters
    Article Type

Aegon prices USD 800 million of Tier 2 subordinated debt

April 04, 2018, 8:06 CEST
1 minute

Breadcrumb

  1. Press releases

Aegon has successfully priced USD 800 million Tier 2 subordinated debt securities, first callable on April 11, 2028, and maturing on April 11, 2048.

The coupon is fixed at 5.5% until the first call date and floating thereafter with a margin including a 100 basis points step-up.

Net proceeds from this issuance will be used for general corporate purposes, including redemption of grandfathered subordinated debt.

The new securities are expected to be rated BBB, Baa1 and BBB- by S&P Global, Moody's and Fitch, respectively and are designed to be Tier 2 compliant under Solvency II. The securities that Aegon may call are currently included in available Own Funds as grandfathered Tier 2 or grandfathered Restricted Tier 1. More than EUR 1 billion of grandfathered Restricted Tier 1 is currently reclassified as Tier 2 as a result of tiering limits.

The securities will be issued under Aegon's US Shelf, and an application will be made to list the notes on the New York Stock Exchange. The offering is expected to be settled on April 11, 2018, with the notes admitted for trading on the New York Stock Exchange following the settlement. Thereafter, a copy of the applicable Prospectus Supplement will be made available on aegon.com.

Press Release PDFs

Aegon prices USD 800 million of Tier 2 subordinated debt
PDF 384.60 KB April 04, 2018
Aegon geeft een Tier 2 achtergestelde obligatielening uit van USD 800 miljoen
PDF 323.74 KB April 04, 2018
  • Global
  • Dutch

Contact

  • Media relations
  • Investor relations
  • About us
    • Who we are
    • What we do
    • Governance
    • Contact Aegon
  • Investors
    • General
    • Capital & liquidity
    • Shareholders & AGM
  • Newsroom
    • News
    • Media relations
  • Sustainability
    • Our focus themes
    • Our approach
    • Stakeholder value
  • Careers
    • Vacancy search
    • Working at Aegon
Site logo
  • Privacy statement
  • Cookie statement
  • Accessibility
  • Disclaimer
Aegon ©2023