REG - Banco Bil.Viz.Argent - Early redemption of Senior Non-Preferred

Banco Bilbao Vizcaya Argentaria SAAnnouncement

13/08/2025 18:00

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RNS Number : 2487V  Banco Bilbao Vizcaya Argentaria SA  13 August 2025

 

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

 

 

OTHER RELEVANT INFORMATION

 

Pursuant to the terms and conditions of BBVA's $1,000,000,000 5.862% Senior
Non-Preferred Fixed-to-Fixed Rate Notes due 2026 (ISIN US05946KAK79 and CUSIP
No. 05946K AK7 (the "Notes")), issued on 14 September 2022, having obtained
the prior consent from the Single Resolution Board, BBVA hereby announces its
irrevocable decision to redeem in whole the Notes on 14 September 2025 (the
"Redemption Date"), which coincides with the Reset Date of the Notes, as
defined in the terms and conditions thereof.

 

The redemption price with respect to the Notes to be redeemed shall be an
aggregate amount of $1,029,130,000 (the "Redemption Price"), which is an
amount equal to 100% of the principal amount of the Notes to be redeemed,
together with accrued but unpaid interest, if any, thereon to, but excluding,
the Redemption Date. Pursuant to the terms and conditions of the Notes,
because the Redemption Date is not a Business Day (as defined in the terms and
conditions of the Notes), the Redemption Price with respect to the Notes shall
not become due and payable on the Redemption Date and deposit of the
Redemption Price will not be made on the Redemption Date. Instead, subject to
the satisfaction of the conditions set forth in the indenture pursuant to
which the Notes were issued, the Redemption Price with respect to the Notes
will become due and payable and deposit of the Redemption Price will be made
on the next succeeding day that is a Business Day (as defined in the terms and
conditions of the Notes), which is 15 September 2025, with the same force and
effect as if the Notes had become due and payable and the deposit of the
Redemption Price had been made on the Redemption Date, and no interest shall
accrue on the amount payable with respect to the Notes to be redeemed for the
period from and after such Redemption Date.

 

Payment of the Redemption Price will be made upon presentation and surrender
of the Notes to The Bank of New York Mellon, acting through its London Branch,
as Paying Agent for the Notes, at the address below:

 

The Bank of New York Mellon

240 Greenwich Street

New York, New York 10286

United States

Attn: Bond Redemption Unit

 

Notes held through The Depository Trust Company ("DTC") should be surrendered
for redemption in accordance with DTC's procedures therefor.

 

 

Madrid, 13 August 2025

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