Notes to the financial statements of Aegon N.V.  Note 10 302 10 Other equity instruments  Junior perpetual  capital  securities Perpetual  cumulative  subordinated  bonds Share options and  incentive  plans  1) Non-cumulative  subordinated  notes Total At January 1, 2013 4,192 453 102 271 5,018 Shares granted / Share options cost incurred - - 54 - 54 Shares vested / Share options forfeited - - (57) - (57) At December 31, 2013 4,192 454 99 271 5,015 At January 1, 2012 4,192 453 75 - 4,720 Issuance of non-cumulative subordinated notes - - - 271 271 Shares granted / Share options cost incurred - - 32 - 32 Shares vested / Share options forfeited - - (5) - (5) At December 31, 2012 4,192 453 102 271 5,018 Junior perpetual capital securities Coupon rate Coupon date, as of Year of next call 2013 2012 USD 500 million 6.50% Quarterly, December 15 2014 424 424 USD 250 million floating LIBOR rate  1) Quarterly, December 15 2014 212 212 USD 550 million 6.875% Quarterly, September 15 2014 438 438 EUR 200 million 6.00% Annually, July 21 2014 200 200 USD 1,050 million 7.25% Quarterly, December 15 2014 745 745 EUR 950 million floating DSL rate  2) Quarterly, July 15 2014 950 950 USD 500 million floating CMS rate  3) Quarterly, July 15 2014 402 402 USD 1 billion 6.375% Quarterly, June 15 2015 821 821 At December 31 4,192 4,192 1  The coupon of the USD 250 million junior perpetual capital securities is reset each quarter based on the then prevailing three-month LIBOR yield plus a spread of  87.5 basis points, with a minimum of 4%.  2  The coupon of the EUR 950 million junior perpetual capital securities is reset each quarter based on the then prevailing ten-year Dutch government bond yield  plus a spread of ten basis points, with a maximum of 8%.  3  The coupon of the USD 500 million junior perpetual capital securities is reset each quarter based on the then prevailing ten-year US dollar interest rate swap yield  plus a spread of ten basis points, with a maximum of 8.5%.  1  The coupon of the EUR 114 million bonds was originally set at 8% until June 8, 2005. Subsequently, the coupon has been reset at 4.156% until 2015. 2  The coupon of the EUR 136 million bonds was originally set at 7.25% until October 14, 2008. Subsequently, the coupon has been reset at 5.185% until  October 14, 2018.  3  The coupon of the EUR 203 million bonds was originally set at 7.125% until March 4, 2011. Subsequently, the coupon has been reset at 4.26% until March 4, 2021. 4  If the bonds are not called on the respective call dates and after consecutive period of ten years, the coupons will be reset at the then prevailing effective yield of  ten-year Dutch government securities plus a spread of 85 basis points. The interest rate exposure on some of these securities has been swapped to a three-month LIBOR and/or EURIBOR based yield. The securities have been issued at par. The securities have subordination provisions and rank junior to all other liabilities. The conditions  of the securities contain certain provisions for optional and required coupon payment deferral and mandatory coupon payment events.  Although the securities have no stated maturity, Aegon has the right to call the securities for redemption at par for the first time on the  coupon date in the years as specified, or on any coupon payment date thereafter. On February 10, 2014 Aegon called for the redemption of the USD 550 million in junior perpetual capital securities with a coupon of  6.875% issued in 2006. The redemption is effective March 15, 2014, when the principal amount of USD 550 million was repaid with  accrued interest.  Perpetual cumulative subordinated bonds Coupon rate Coupon date, as of Year of next call 2013 2012 EUR 114 million 4.156%  1) ,  4) Annual, June 8 2015 114 114 EUR 136 million 5.185%  2) ,  4) Annual, October 14 2018 136 136 EUR 203 million 4.260%  3) ,  4) Annual, March 4 2021 203 203 At December 31 454 453 Annual Report 2013