AEGON N.V. $800 Million Fixed-to-Floating Subordinated Notes Offering

Davis Polk advised the joint bookrunners in connection with an offering by AEGON N.V. of $800 million aggregate principal amount of 5.50% fixed-to-floating subordinated notes due 2048, the first SEC-registered offering of subordinated notes structured to qualify as Tier 2 capital instruments under Solvency II.

AEGON is a life insurance, pension and asset management company based in The Hague, Netherlands. With roots dating back more than 150 years, it operates in over 25 markets in the Americas, Europe and Asia. AEGON companies employ over 28,000 people and serve approximately 26 million customers across the globe. 

The Davis Polk corporate team included partner John Banes, counsel Radoslaw Michalak and associates Julian Veshi and Maxim Van de moortel. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. All members of the Davis Polk team are based in the London office.