Aegon private placement achieves Eu1bn via JPM

Dutch mortgage lender Aegon Levensverzekering has privately placed a Eu1.017bn RMBS, Saecure 7. JPMorgan CIO committed to buy Eu700m of the 4.31 year average life senior tranche at 135bp over Euribor. Aegon has retained the subordinated tranches, which contribute to total credit enhancement of 8.5%.