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A detailed composition of the debentures and other loans is included in the following table: 

## Debentures and other loans 

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Issued by subsidiaries of, and guaranteed by Aegon N.V. 2 

Issued by a subsidiary of Aegon N.V. 3 

The first optional redemption date was August 2013; the legal maturity date was August 2098. Notes were fully collateralized by mortgage loans which are part of Aegon’s general account investments. 4 

The first optional redemption date is August 2015; the legal maturity date is August 2093. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments. 5 

Outstanding amounts can vary up to the maximum stated nominal amount. 6 

Private Value-in-Force (ViF) securitization by Aegon UK to monetize a portion of future profits associated with an existing book of unit-linked business. 7 

The first optional redemption date is July 2015; the legal maturity date is July 2092. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments. 8 

The first optional redemption date is February 2016; the legal maturity date is February 2094. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments. 9 

The first optional redemption date is March 2016; the legal maturity date is September 2092. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments. 

$^{10 }$The first optional redemption date is October 2017; the legal maturity date is July 2092. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments. 

$^{11 }$The first optional redemption date is February 2018; the legal maturity date is November 2093. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments. 

$^{12 }$Measured at fair value. 

$^{13 }$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 51 (commitments and contingencies). 

$^{14 }$This debenture is issued by a wholly owned captive that is consolidated in the Aegon N.V. consolidated financial statements. 

$^{15 }$These loans are considered senior debt in calculating financial leverage in the capital and solvency note as disclosed in note 49. 

Included in debentures and other loans is EUR 1,017 million (2012: EUR 1,050 million) relating to borrowings measured at fair value. For the year 2013, Aegon’s credit spread had a negative impact of EUR 44 million on income before tax (2012: negative impact of EUR 48 million) and a negative impact of EUR 30 million on shareholders’ equity (2012: negative impact of EUR 34 million). The cumulative negative impact of Aegon’s credit spread, based on observable market data, on income before tax amounted to EUR 20 million (2012: EUR 24 million positive impact). 

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