- Aegon (NYSE:AEG) has priced $925M Tier 2 subordinated notes with a fixed coupon of 5.1% issued by Aegon Funding Company LLC
- Net proceeds from this issuance will be used for general corporate purposes.
- The first call date is on December 22, 2024, and the maturity date is on December 22, 2049.
- The notes are expected to be rated BBB and Baa1 by S&P Global and Moody's, respectively, and have been structured to be Tier 2 compliant under Solvency II.
- The issuance is expected to settle on October 22.
- AEG -1.17% premarket.