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

Banco Bilbao Vizcaya Argentaria SAAnnouncement

24/07/2023 07:00

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RNS Number : 8690G  Banco Bilbao Vizcaya Argentaria SA  21 July 2023

 

 

 

 

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 September 2018 for a total amount of EUR 1,000 million, with ISIN code
ES0813211002 (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 September 2023 (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 September 2023, and shall be paid to Holders in
accordance with the terms and conditions of the Issuance.

 

 

 

Madrid, 21 July 2023

 

 

 

 

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