Aegon seals £1.7bn bank credit deal

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Dutch insurance company Aegon, which owns the Edinburgh-based group of the same name, yesterday said it agreed a €2 billion (£1.7bn), five-year credit facility agreement.

The deal, with a syndicate of banks led by Bank of America Merrill Lynch and Citigroup Global Markets, replaces Aegon’s current facilities, which would have expired in September 2012.