XML 129 R40.htm IDEA: XBRL DOCUMENT v3.24.1
Trust pass-through securities
 12 Months Ended
Dec. 31, 2023
Text block [abstract]  
Trust pass-through securities
28 Trust pass-through securities
 
 
      Coupon rate        Coupon date     
 
Issue /
Maturity
 
 
      Year of
  next call		  
 		  
 
 
 
   
 
   2023
 
         2022  
USD 225 million
1)
      7.65%       
Semi-annually, December 1
        1996/2026        n.a.          67        72  
USD 190 million
1)
      7.625%       
 Semi-annually, November 15
        1997/2037        n.a.    
 
 
 
      44        46  
On December 31
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
  
 
 
 
   
 
111
 
   
 
118
 
Fair value of trust pass-through securities
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
  
 
 
 
      125        133  
 
1
 
Issued by a subsidiary of, and guaranteed by Aegon Ltd.
2
 
n.a. in above table should be read as “not applicable”.
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.