AEGON N.V. $925 Million Subordinated Notes Offering
10/22/2019

Davis Polk advised the sole structuring agent and the joint bookrunners in connection with an offering by AEGON Funding Company LLC of $925 million aggregate principal amount of 5.10% subordinated notes due 2049, guaranteed on a subordinated basis by AEGON N.V. The notes are 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 Jung Eun (Claire) Choi and Tanu Sinha. Counsel Alon Gurfinkel and associate Summer Xia provided tax advice. Members of the Davis Polk team are based in the New York and London offices.