Trust pass-through securities

12 Months Ended

Dec. 31, 2022

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Trust pass-through securities

33 Trust pass-through securities

	Coupon rate	Coupon date		Issue /Maturity		Year of next call		2022		2021
USD 225 million 1)	7.65%		Semi-annually, December 1		1996/2026		n.a.		72		82
USD 190 million 1)	7.625%		Semi-annually, November 15		1997/2037		n.a.		46		43
At December 31									118		126
Fair value of trust pass-through securities									133		139

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.