The proposed transaction provides the company with flexible solutions that help manage reserves and capital in a cost efficient manner. Despite challenging market conditions, this transaction was efficiently executed and provides a cost effective alternative to letter of credit solutions for Regulation AXXX requirements in the US. JPMorgan Chase Bank has acted as sole lead arranger for the transaction.
Aegon has reported that it will continue to explore further opportunities for securitizations and other innovative capital market transactions as part of its ongoing commitment to efficiently and actively manage capital and reserve needs.
