By Andrea Heisinger
New York, Nov. 23 - Aegon NV priced $500 million of 4.625% six-year senior unsecured notes on Monday to yield Treasuries plus 250 basis points, a source away from the sale said.
The notes priced in line with guidance of 250 bps, a syndicate source said. The sale was about 1.5 times oversubscribed, he said.
The notes (A3/A-/A) priced at 99.74 to yield 4.675%. They have a make-whole call at Treasuries plus 37.5 bps.
Citigroup Global Markets, Morgan Stanley and Wells Fargo Securities were the bookrunners.
Proceeds will be used for general corporate purposes, including repayment of short-term debt.
The holding subsidiary for insurance company Aegon Group is based in The Hague, the Netherlands.
| Issuer: | Aegon NV
|
| Issue: | Senior unsecured notes
|
| Amount: | $500 million
|
| Maturity: | Dec. 1, 2015
|
| Bookrunners: | Citigroup Global Markets, Morgan Stanley, Wells Fargo Securities
|
| Coupon: | 4.625%
|
| Price: | 99.74
|
| Yield: | 4.675%
|
| Spread: | Treasuries plus 250 bps
|
| Call: | Make-whole at Treasuries plus 37.5 bps
|
| Trade date: | Nov. 23
|
| Settlement date: | Nov. 27
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A
|
| Price talk: | 250 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
