Aegon NV

  • 09 Dec 2005
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Rating: A2/A+
Amount: $500m global bond
Maturity: 15 December 2020
Issue price: 99.91
Coupon: 5.75%
Spread at launch: 119bp over the 4.5% November 2015 UST
Launch date: Tuesday 6 December
Payment date: 12 December
Joint books: Bank of America, Barclays Capital, Deutsche Bank

Bookrunners' comments:

Deutsche — This was a great trade, it was significantly over-subscribed and had a good price. It has traded well, and we last saw it trade at 119bp.

Barclays — We had a lot of insurance money and asset managers in the trade. It was a high quality book. The fact it was SEC registered appealed to a number of domestic buyers, and it was close to two times over-subscribed.

The fact that it performed well in the secondary market is also a good sign, because we have a number of transactions this week that did not perform well, but this one tightened on the break.

Aegon has an outstanding 2013 which we used to extrapolate a curve from there. We were able to build pricing tension and price the transaction with a minimal new issue concession of around 3bp-5bp.

  • 09 Dec 2005

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 92.59 388 8.96%
2 Citi 85.30 278 8.25%
3 BofA Securities 63.15 265 6.11%
4 Barclays 58.01 223 5.61%
5 Deutsche Bank 55.74 184 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 60.87 123 14.06%
2 Credit Agricole CIB 28.59 93 6.60%
3 Santander 25.41 90 5.87%
4 JPMorgan 23.88 61 5.52%
5 UniCredit 21.51 103 4.97%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 2.07 11 10.42%
2 BofA Securities 1.40 6 7.01%
3 Citi 1.37 7 6.87%
4 Morgan Stanley 1.36 6 6.85%
5 JPMorgan 1.31 7 6.59%