Aegon has successfully priced USD 500 million of senior unsecured notes with a fixed coupon of 5.625% and a tenor of ten years. Net proceeds from this issuance will be used to provide funds for the repurchase of certain series of unregistered subordinated notes issued by Aegon in a concurrent tender offer that is only being made to eligible non-US holders outside the United States. Any remaining net proceeds will be used for general corporate purposes.
The notes are being issued by Aegon Funding Company LLC and will be guaranteed on a senior unsecured basis by Aegon Ltd. The maturity date is May 7, 2036.
An application will be made to list the notes on the New York Stock Exchange (NYSE). The issuance is expected to settle on May 7, 2026, with the notes expected to be admitted to trading on the NYSE following settlement.