Monumental Life Global Funding III Issues $700 Million in ...
Aegon institutional markets
Monumental Life Global Funding III Issues $700 Million in Funding Agreement-Backed Notes
LOUISVILLE, Kentucky, January 11 /PRNewswire/ --
Monumental Life Global Funding III (MGF III), an AEGON Institutional Markets' medium term
notes program, kicked off its 2007 funding program with a globally distributed, dual
tranche, $700 million notes offering. The seven-year notes feature a $300 million tranche
that will pay a fixed-coupon rate of 5.25 percent and a $400 million, floating-rate
tranche that will pay 3 month LIBOR plus 20 basis points. The notes mature January 15,
2014.
The MGF III notes are rated Aa3 by Moody's, AA by Standard and Poor's, and AA+ by
Fitch.
Lehman Brothers, Merrill Lynch and Bank of America were joint book-running managers of
the transaction.
About AEGON Institutional Markets
With more than $32 billion in institutional spread product balances as of September
30, 2006, AEGON Institutional Markets - a Louisville, Kentucky-based unit within the
AEGON Group - is a leading provider of savings and investment products to institutional
clients in the retirement and asset-accumulation markets. Its products are issued by U.S.
life insurance companies. Since inception in 1999, AEGON Institutional Markets' Monumental
Life medium term notes programs have issued more than $18 billion in notes.
CONTACT: Lisa Medley, +1-502-560-4802, lmedley@aegonusa.com
Contact:
CONTACT: Lisa Medley, +1-502-560-4802, lmedley@aegonusa.com