Subordinated borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Statement [LineItems]

Summary of Subordinated Borrowings

	Coupon rate		Coupon date		Issue / Maturity		Year of next call		2021		2020
Fixed to floating subordinated notes
EUR 700 million		4%2)		Annually, April 25		2014/44		2024		698		697
USD 800 million		5.5%3)		Semi-annually, April 11		2018/48		2028		697		648
Fixed subordinated notes
USD 925 million1)		5.1%		Quarterly, March 15		2019/49		2024		798		740
At December 31										2,194		2,085
Fair value of subordinated borrowings										2,438		2,351

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

2  The coupon is fixed at 4% until the first call date and floating therefafter with a 3 months Euribor plus a margin of 335bps.

3  The coupon is fixed at 5.5% until the first call date and floating thereafter with a 6 month USD LIBOR plus a margin of 3.539%.

Aegon N.V [member]

Statement [LineItems]

Summary of Subordinated Borrowings

Fixed to floating subordinated notes	Coupon rate		Coupon date		Issue /Maturity		Year of next call		2021		2020
EUR 700 million		4%1)		Annually, April 25		2014/44		2024		698		698
USD 800 million		5.5%2)		Semi-annually, April 11		2018/48		2028		697		648
At December 31										1,396		1,345
Fair value of subordinated borrowings										1,567		1,517

1  The coupon is fixed at 4% until the first call date and floating therefafter with a 3 months Euribor plus a margin of 335bps.

2  The coupon is fixed at 5.5% until the first call date and floating thereafter with a 6 month USD LIBOR plus a margin of 3.539%.