Dutch insurer Aegon announced on Wednesday that it had successfully placed a bond issue with a total nominal value of 760 million euros.

The offering, which has a maturity of three years to 2027, carries a fixed-rate coupon of 5.5%.

The proceeds of the bond issue will be used for general corporate purposes, in particular to repay a €700 million subordinated bond issue due to mature at the end of April.

The bonds, which are expected to be rated 'BBB+' and 'Baa1' respectively by S&P Global and Moody's, will be admitted to trading on Euronext Dublin.

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