Aegon announces that it exercises its right to redeem the USD 525 million 8% non-cumulative subordinated notes.
The redemption of these grandfathered Tier 2 securities will be effective May 15, 2018, when the aggregate principal amount of USD 525 million will be repaid together with any accrued and unpaid interest.
The securities (ISIN code: US007924608, CUSIP code: 007924608) are currently listed on the New York Stock Exchange (symbol AEK). This listing will be terminated following the redemption of the securities (external link).
A notice of redemption will be sent to all currently registered holders of the subordinated notes by the trustee, The Bank of New York Mellon. The paying agent is Citibank N.A., 480 Washington Boulevard, 30th Floor, Jersey City, New Jersey 07310.
This press release does not constitute a notice of redemption of the subordinated notes.