Aegon Bank has set up an additional Covered Bond Program
Aegon Bank has launched a new Covered Bond Program with a Soft Bullet structure aimed at enhancing flexibility in bond maturities and diversifying the debt investor base. This strategic initiative is anticipated to facilitate future bond issuances under the new program, thereby supporting the bank's operational capabilities. Aegon Bank operates as part of Aegon in the Netherlands, offering savings and investment products and holding an A credit rating from S&P Global.
- Launch of a new Covered Bond Program for diversified debt investor base.
- Improved flexibility regarding bond maturities.
- None.
Aegon Bank has set up an additional Covered Bond Program, using a Soft Bullet structure. Any new covered bonds issuances are expected to take place under this program.
The new Covered Bond Program will allow further diversification of the debt investor base and enhance flexibility with respect to bond maturities.
About Aegon Bank
Aegon Bank N.V. is part of Aegon the Netherlands and currently operates under two brands: Aegon Bank, an online retail savings bank, and Knab, an online bank for retail and self-employed customers. Aegon Bank N.V. develops savings and investment products, and supports Aegon’s purpose of helping people achieve a lifetime of financial security. Aegon Bank N.V. also offers a platform for funding mortgages for Aegon the Netherlands. Aegon is a leading lender in the Dutch residential mortgage market. Aegon Bank N.V. has a credit rating of A by S&P Global.
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