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Subordinated borrowings
 12 Months Ended
Dec. 31, 2021
Statement [LineItems]  
Subordinated borrowings
32 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 million
1)
 
     
 
 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%.
These securities are subordinated and rank senior to the junior perpetual capital securities and the perpetual contingent convertible securities, equally with the perpetual cumulative subordinated bonds and junior to all other liabilities. The conditions of the securities contain certain provisions for optional and required deferral of interest payments. There have been no defaults or breaches of conditions during the period.
Aegon N.V [member]  
Statement [LineItems]  
Subordinated borrowings
16 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%.
These securities are subordinated and rank senior to the junior perpetual capital securities, equally with the perpetual cumulative subordinated bonds and junior to all other liabilities. The conditions of the securities contain certain provisions for optional and required deferral of interest payments. There have been no defaults or breaches of conditions during the period.