REG - Banco Bil.Viz.Argent - Redemption of Subordinated Notes

Banco Bilbao Vizcaya Argentaria SAAnnouncement

20/02/2019 07:00

RNS Number : 5385Q
Banco Bilbao Vizcaya Argentaria SA
19 February 2019
 


 
 
 
 
Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA" or the "Bank"), in compliance with the Securities Market legislation, hereby proceeds to notify the following:
 
 
PRICE SENSITIVE INFORMATION
 
 
BBVA hereby announces its irrevocable decision to early redeem its Subordinated Notes issuance, carried out for a total amount of EUR 1,500 million and with ISIN code XS1055241373 (the "Issuance"), that was qualified as Tier 2 capital of the Bank and the Group, next 11 April 2019 (coinciding with the Optional Redemption Date) and once the prior consent from the European Central Bank has been obtained.
 
The Optional Redemption Amount per Subordinated Note shall be EUR 100,000 plus any accrued and unpaid interests until (but excluding) 11 April 2019, which amounts EUR 3,500 per Subordinated Note, and shall be paid to Holders in accordance with the terms and conditions of the Issuance.
 
 
Madrid, 19 February, 2019




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