Aegon Issues $500 Million in Senior Bonds at 5.625% Over 10 Years
Aegon has issued $500 million in unsecured senior bonds with a fixed coupon of 5.625% and a ten-year maturity. The net proceeds will be used to redeem certain unregistered subordinated bonds as part of a concurrent tender offer and for general corporate purposes.
Features and Timing of the Issue
The bonds are issued by Aegon Funding Company LLC and will be guaranteed by Aegon Ltd on an unsecured senior basis. The maturity date is set for May 7, 2036. An application for listing the bonds on the New York Stock Exchange (NYSE) will be submitted. The settlement of the issue is scheduled for May 7, 2026, with trading expected to commence on the NYSE following the settlement. The tender offer for the subordinated bonds is reserved for eligible non-U.S. holders outside the United States.
Profile of Aegon
Aegon is an international financial services holding company offering investment, protection, and retirement solutions to its clients. Its portfolio includes wholly-owned operations in the United States and the United Kingdom, as well as a global asset manager. The company creates value through insurance joint ventures in Spain and Portugal, China, and Brazil, and through asset management partnerships in France and China. It also owns a life insurer based in Bermuda and participates in the capital of a major insurance and pension company in the Netherlands. Aegon is headquartered in Schiphol (Netherlands), domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange.
