Trust pass-through securities

12 Months Ended

Dec. 31, 2019

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Trust pass-through securities

33 Trust pass-through securities

	Coupon rate		Coupon date		Year of issue		Year of maturity		Year of next call		2019		2018
USD 225 million 1)		7.65%		Semi-annually, December 1		1996		2026		n.a.		92		90
USD 190 million 1)		7.625%		Semi-annually, November 15		1997		2037		n.a.		44		43
At December 31												136		133

1  Issued by a subsidiary of, and guaranteed by Aegon N.V.

Trust pass-through securities are securities through which the holder participates in a trust. The assets of these trusts consist of junior subordinated deferrable interest debentures issued by Transamerica Corporation. The trust pass-through securities carry provisions with regard to deferral of distributions for extension periods up to a maximum of 10 consecutive semi-annual periods. The trust pass-through securities are subordinated to all other unsubordinated borrowings and liabilities of Transamerica Corporation.

There were no defaults or breaches of conditions during the period.

The fair value of these loans amounted to EUR 144 million (2018: EUR 128 million).