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

Banco Bilbao Vizcaya Argentaria SAAnnouncement

06/04/2022 17:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220406:nRSF5374Ha&default-theme=true

RNS Number : 5374H  Banco Bilbao Vizcaya Argentaria SA  06 April 2022

 

 

 

 

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
24 May 2017 for a total amount of EUR 500 million, with ISIN code XS1619422865
(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 24 May 2022 (i.e., the First Reset Date).

 

The Redemption Price per Preferred Security shall be EUR 202,937.50, which is
equal to the Liquidation Preference plus any unpaid Distributions accrued
until (but excluding) 24 May 2022, and shall be paid to Holders in accordance
with the terms and conditions of the Issuance.

 

 

 

Madrid, 6 April 2022

 

 

 

 

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  MSCIFMFTMTMMBMT