XML 189 R108.htm IDEA: XBRL DOCUMENT v3.20.1
Borrowings (Tables)
 12 Months Ended
Dec. 31, 2019
Statement [LineItems]  
Summary of Borrowings
    
                             2019  
                                2018   
Capital funding
   1,745      1,774   
Operational funding
   7,562      10,287   
At December 31
  
 
9,307  
 
  
 
12,061  
 
Current
   4,969      1,379   
Non-current
   4,338      10,682   
Fair value of borrowings
   9,783      12,421   
Summary of Undrawn Committed Borrowings Facilities
The difference between the contractually required payment at maturity date and the carrying amount of the borrowings amounted to EUR 40 million negative (2018: EUR 8 million negative).
 
Undrawn committed borrowing facilities:
  
                         2019  
                                2018   
Floating-rate
    
- Expiring within one year
   516      260   
- Expiring beyond one year
   2,887      3,420   
At December 31
  
 
3,403  
 
  
 
3,680  
 
Capital funding [member]  
Statement [LineItems]  
Summary of Borrowings
A detailed composition of capital funding is included in the following table:
 
(sorted at maturity)
  Coupon rate     Coupon date   
Issue /  
          Maturity  
   
                2019  
                   2018   
EUR 75 million Medium-Term Notes
1)
   4.625%      December 9    2004 / 19      -      78   
USD 500 million Senior Notes
1),
2)
   5.75%      
Semi-annually
    2005 / 20      461      457   
EUR 500 million Senior Unsecured Notes
   1.00%      December 8    2016 / 23      497      496   
GBP 250 million Medium-Term Notes
   6.125%      December 15    1999 / 31      293      277   
GBP 400 million Senior Unsecured Notes
   6.625%      Semi-annually    2009 / 39      467      440   
Other
         26      26   
At December 31
  
 
 
 
  
 
 
 
  
 
 
 
  
 
1,745  
 
  
 
1,774  
 
 
1
 
Measured at fair value.
2
 
Issued by subsidiaries of, and guaranteed by, Aegon N.V.
Operational funding [member]  
Statement [LineItems]  
Summary of Borrowings
 
    Coupon rate       Coupon date   
Issue /  
      Maturity  
   
              2019  
               2018   
Revolving Loan Facility Warehouse Mortgage Loans
1)
   Floating    Monthly    
- / 2020-22  
    817      375   
EUR 1,367 million “SAECURE 14” RMBS Note
1),
2)
   Floating    Quarterly    2014 / 19      -      874   
EUR 1,443 million “SAECURE 15” RMBS Note
1),
3)
   Floating    Quarterly    2014 / 20      917      1,038   
EUR 875 million “SAECURE 16” RMBS Note
1),
4)
   Floating    Quarterly    2018 / 23      820      875   
EUR 512 million “SAECURE 18” RMBS Note
1),
5)
   Floating    Quarterly    2019/25      491      -   
EUR 750 million Conditional Pass-Through Covered Bond
1),
6)
   0.267%    Annual    2015 / 20      749      748   
EUR 500 million Conditional Pass-Through Covered Bond
1),
7)
   0.250%    Annual    2016 / 23      498      497   
EUR 500 million Conditional Pass-Through Covered Bond
1),
8)
   0.750%    Annual    2017 / 27      489      488   
EUR 500 million Conditional Pass-Through Covered Bond
1),
9)
   0.375%    Annual    2017 / 24      498      497   
USD 1.54 billion Variable Funding Surplus Note
10),
11)
   Floating    Quarterly    2006 / 36      -      1,388   
FHLB Secured borrowings
1)
   Floating    Quarterly    2016 / 46      1,777      3,495   
Aegon Bank Senior
Non-Preferred
debt
1)
   Fixed    Annual    2019/24      497      -   
Other
         8      12   
At December 31
  
 
 
 
  
 
 
 
  
 
 
 
  
 
7,562  
 
  
 
10,287  
 
 
1
 
Issued by a subsidiary of Aegon N.V.
2
 
The first optional redemption date is January 30, 2019; the final maturity date is January 30, 2092. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments.
3
 
The first optional redemption date is January 30, 2020; the final maturity date is January 30, 2092. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments.
4
 
The first optional redemption date is October 30, 2023; the final legal maturity date is October 30, 2091. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments.
5
 
The first optional redemption date is July 28, 2025; the final legal maturity date is April 28, 2092. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments.
6
 
The maturity date is December 1, 2020; the extended due for payment date is December 1, 2052.
7
 
The maturity date is May 25, 2023; the extended due for payment date is May 25, 2055.
8
 
The maturity date is June 27, 2027; the extended due for payment date is June 27, 2059.
9
 
The maturity date is November 21, 2024; the extended due for payment date is November 21, 2056.
10
 
Outstanding amounts can vary up to the maximum stated nominal amount.
11
This debenture is issued by a wholly owned captive that is consolidated in the Aegon N.V. consolidated financial statements. A guarantee has been provided by Aegon N.V. - refer to note 45 Commitments and contingencies.