By Mary-Katherine Stinson and Cristal Cody
Lexington, Ky., April 10 – Aegon Funding Co. LLC sold $760 million of 5.5% three-year senior notes (Baa1/BBB+) on Tuesday, according to a 6-K filing with the Securities and Exchange Commission and details from a market source.
The notes priced with a spread of Treasuries plus 100 basis points after price talk in the Treasuries plus 110 bps area.
BofA Securities, Inc., Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners.
Aegon Ltd. will use the proceeds for general corporate purposes, including financing the call of €700 million subordinated debt.
Aegon is an international financial services holding company. Aegon Funding is a financing vehicle fully owned by Aegon Ltd.
| Issuer: | Aegon Funding Co. LLC
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| Guarantor: | Aegon Ltd.
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| Amount: | $760 million
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| Issue: | Senior notes
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| Maturity: | April 16, 2027
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| Bookrunners: | BofA Securities, Inc., Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
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| Coupon: | 5.5%
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| Spread: | Treasuries plus 100 bps
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| Pricing date: | April 9
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| Settlement date: | April 16
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| Ratings: | Moody’s: Baa1
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| S&P: BBB+
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| Price talk: | Treasuries plus 110 bps area
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