Aegon prices USD 925 million of Tier 2 subordinated notes

Regulatory News:

Aegon has successfully priced USD 925 million Tier 2 subordinated notes with a fixed coupon of 5.1%. Net proceeds from this issuance will be used for general corporate purposes.

The notes are being issued by Aegon Funding Company LLC (AFC) and will be guaranteed on a subordinated basis by Aegon N.V. 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 notes are being issued under AFC's US Registration Statement, and an application will be made to list the notes on the New York Stock Exchange. The issuance is expected to settle on October 22, 2019, with the notes being admitted to trading on the New York Stock Exchange following settlement. Following settlement, a copy of the applicable Prospectus Supplement will be made available on aegon.com.

About Aegon

Aegon’s roots go back 175 years – to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, Europe and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions and asset management. Aegon’s purpose is to help people achieve a lifetime of financial security. More information on aegon.com.

Forward-looking statements

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