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Article: AEGON to Repay EUR 1 Billion to Dutch State.
- Article from:
- Economics Week
- Article date:
- November 13, 2009
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AEGON has notified the Dutch State and Vereniging AEGON that it will
exercise its option to repay one third of the EUR 3 billion in core capital the company secured last year through its largest shareholder, Vereniging AEGON and funded by the Dutch State. AEGON first announced its intention to repay the Dutch State in August when it raised EUR 1 billion in a successful equity issue.
The amount will be repaid on November 30, 2009 including accrued interest from May 22, 2009 in accordance with the terms of AEGON's agreement with the Dutch State. The Dutch Central Bank has given its consent for the repayment.
"It continues to be our intention to ...