Aegon taps dollar retail for tier two

24 Jan 2012

Dutch insurer Aegon is out with the year’s second insurance capital issue, taking orders from US retail investors for a 30 non-call 5.5 year tier two deal that has non-cumulative coupons.

Leads Bank of America Merrill Lynch, Citi, Morgan Stanley and Wells Fargo opened books for the deal on Monday afternoon, European time. The issue could be priced as soon as Tuesday — although a Wednesday pricing is also possible.

The deal is structured to comply with Solvency I ...

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