|
|
Article: AEGON to Launch Equity Issue of up to EUR 1 Billion.
- Article from:
- Economics Week
- Article date:
- August 28, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
AEGON aims to raise up to EUR 1 billion through an equity issue via an
accelerated bookbuild beginning today. AEGON intends to use the proceeds of the equity issue to repay up to EUR 1 billion of the total EUR 3 billion of core capital obtained last year from its largest shareholder, Vereniging AEGON, funded by the Dutch State. The decision to repay by December 1, 2009, is conditional on AEGON's capital position and the outlook for the economy and financial markets not deteriorating materially. The repayment further requires the formal consent of the Dutch Central Bank (DNB).
AEGON would effect the repayment by exercising its option to repurchase up to ...