REG - Banco Bil.Viz.Argent - Early redemption AT1

Banco Bilbao Vizcaya Argentaria SAAnnouncement

15/02/2024 17:00

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RNS Number : 3455D  Banco Bilbao Vizcaya Argentaria SA  15 February 2024

 

 

 

 

Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA"), in compliance with the
Securities Market legislation, hereby proceeds to notify the following:

 

 

INSIDE INFORMATION

 

 

 

Pursuant to the terms and conditions of the issuance of preferred securities
contingently convertible into ordinary shares of BBVA, carried out by BBVA on
29 March 2019 for a total amount of EUR 1,000 million, with ISIN code
ES0813211010 (the "Issuance"), and once the prior consent from the Regulator
has been obtained, BBVA hereby announces its irrevocable decision to early
redeem the Issuance on 29 March 2024 (i.e., the First Reset Date).

 

The Redemption Price per Preferred Security shall be EUR 203,000, which is
equal to the Liquidation Preference plus any unpaid Distributions accrued
until (but excluding) 29 March 2024, and shall be paid on 2 April 2024 to
Holders in accordance with the terms and conditions of the Issuance.

 

 

 

Madrid, 15 February 2024

 

 

 

 

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