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Aegon prices $925M of tier 2 subordinated notes due 2049, shares down 1.17% premarket

Oct. 16, 2019 6:18 AM ETAegon Ltd. (AEG) StockBy: Niloofer Shaikh, SA News Editor
  • 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.

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