Aegon brings first public RMBS for three years

Aegon_575x375_Alamy_25March21
By Tom Brown
25 Mar 2021

Aegon is bringing its first public RMBS since 2018, offering a single triple-A tranche to investors with a discount feature as an additional incentive to call the transaction before 2027. ABN Amro is arranging the deal.

The 4.98 year tranche has a 70bp coupon over three-month Euribor, but steps up to 1.5 times the coupon at the first optional redemption date (FORD), a lower step up then the two times step up featured in Saecure 16, the issuer’s last public deal.

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