Aegon to price 30-year fixed-to-floating notes via five bookrunners

By Devika Patel

Knoxville, Tenn., April 3 – Aegon NV intends to price an offering of fixed-to-floating rate subordinated notes due 2048, according to a 424B3 filed with the Securities and Exchange Commission.

Interest will accrue at a fixed rate for the first 10 years and at a rate based on six-month Libor after 2028.

The notes are non-callable for the first 10 years and then are callable at par.

J.P. Morgan Securities LLC, BofA Merrill Lynch, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including refinancing securities.

The international life insurance, pensions and asset management company is based in The Hague.

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