Aegon has reset the annual interest rate on its NLG 300 million perpetual cumulative subordinated bond with ISIN code NL0000121416, originally issued in 1996 (the “Bonds”) at 1.425%. Interest on the Bonds will accrue at the new rate from and including October 14, 2018.
As of October 14, 2008 and every ten years thereafter, Aegon has the option to either call the Bonds or reset the interest rate level.
Aegon has not called the Bonds during the applicable notification window, ending September 14, 2018, and resets the interest rate in accordance with the conditions described in the prospectus of the Bonds. The new interest rate will also be published today in a Dutch newspaper advertisement.