NOTE 17 - 18 176 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS OF AEGON N.V.  NOTE 17  OTHER EQUITY INSTRUMENTS  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%.  Junior  perpetual  capital  securities Perpetual  cumulative  subordinated  bonds Share  options  not yet  exercised Total At January 1, 2010 4,192 453 64 4,709 Share options cost incurred – – 7 7 Share options forfeited – – (12) (12) AT DECEMBER 31, 2010 4,192 453 59 4,704 At January 1, 2009 4,192 453 54 4,699 Share options cost incurred – – 13 13 Share options forfeited – – (3) (3) AT DECEMBER 31, 2009 4,192 453 64 4,709 At January 1, 2008 4,192 567 36 4,795 Share options cost incurred – – 19 19 Redemptions  – (114) – (114) Share options forfeited – – (1) (1) AT DECEMBER 31, 2008 4,192 453 54 4,699 Junior perpetual  capital securities Coupon  rate Coupon date, as of Year of  fi rst call 2010 2009 2008 USD 500 million 6.5% Quarterly, December 15 2011 424 424 424 USD 250 million floating LIBOR rate 1 Quarterly, December 15 2011 212 212 212 USD 550 million 6.875% Quarterly, September 15 2011 438 438 438 EUR 200 million 6.0% Annually, July 21 2011 200 200 200 USD 1,050 million 7.25% Quarterly, December 15 2012 745 745 745 EUR 950 million floating DSL rate  2 Quarterly, July 15 2014 950 950 950 USD 500 million floating CMS rate  3 Quarterly, July 15 2014 402 402 402 USD 1 billion 6.375% Quarterly, June 15 2015 821 821 821 AT DECEMBER 31 4,192 4,192 4,192 The interest rate exposure on some of these securities has been  swapped to a three-month LIBOR and/or EURIBOR related 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  payments 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.