REG - Banco Bil.Viz.Argent - Redemption of preferred securities

Banco Bilbao Vizcaya Argentaria SAAnnouncement

28/01/2025 17:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250128:nRSb0150Va&default-theme=true

RNS Number : 0150V  Banco Bilbao Vizcaya Argentaria SA  28 January 2025

 

 

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 BBVA's $1,000,000,000 Series 9
Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1
Securities (ISIN US05946KAG67, CUSIP No. 05946K AG6, Common Code 205061932)
(the "Preferred Securities"), issued on 5 September 2019, having obtained the
prior consent of the European Central Bank, BBVA hereby announces its
irrevocable decision to redeem in whole the Preferred Securities on 5 March
2025 (the "Redemption Date"), which coincides with the First Reset Date of the
Preferred Securities, as defined in the terms and conditions thereof.

 

The redemption price per Preferred Security shall be $203,250 (the "Redemption
Price"), which equals $200,000 per Preferred Security plus, if applicable,
where not cancelled or deemed cancelled pursuant to, or otherwise subject to,
the limitations on payment set out in the indenture pursuant to which the
Preferred Securities were issued, an amount equal to any accrued and unpaid
distributions for the then current distribution period to (but excluding) the
Redemption Date.

 

On the Redemption Date, the Redemption Price will, subject to the satisfaction
of the conditions set forth in the indenture pursuant to which the Preferred
Securities were issued, become due and payable upon each Preferred Security
being redeemed, and Distributions will cease to accrue on or after that date.

 

The redemption payment will be made upon presentation and surrender of the
Preferred Securities to The Bank of New York Mellon, acting through its London
Branch, as Principal Paying Agent for the Preferred Securities, at the address
below:

 

The Bank of New York Mellon

240 Greenwich Street

New York, New York 10286

United States

Attn: Bond Redemption Unit

 

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

 

 

 

Madrid, 28 January 2025

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFLFIDLRITFIE