BBVA Global Finance: Results of Adjourned Meeting

RNS Number : 1722U

Banco Bilbao Vizcaya Argentaria SA

21 December 2012

 

BBVA Global Finance Ltd. (formerly Argentaria Global Finance Limited) (the Issuer) announces the results of the adjourned Meeting of the holders (the Noteholders) of its outstanding ITL 20,000,000,000 Variable Rate Notes due July 2013 (ISIN: XS0089225782) (the Notes)

On 3 December 2012 the Issuer gave notice (the Notice) of an adjourned meeting of the Noteholders (the Adjourned Meeting) convened by it to be held at the offices of Allen & Overy LLP, One Bishops Square, London E1 6AD on 21 December 2012 at 11.00 a.m. (London time) for the purpose of considering and, if thought fit, passing an Extraordinary Resolution to provide for the early redemption of the Notes. 

NOTICE IS HEREBY GIVEN to the holders of the Notes that the Extraordinary Resolution to provide for the early redemption of the Notes was duly passed by the requisite majority of Noteholders at the Adjourned Meeting.

NOTICE IS ALSO HEREBY GIVEN that following the passing of such Extraordinary Resolution the Amended and Restated Pricing Supplement in respect of the Notes in order to give effect to and implement the early redemption of the Notes was executed by the Issuer and the Conditions are amended accordingly as of today.  

NOTICE IS FURTHER HEREBY GIVEN that pursuant to the Amended and Restated Pricing Supplement and the Conditions, the Issuer shall redeem on 31 December 2012 (the Redemption Date) all (but not some only) of the Notes outstanding at 100.5 per cent. of their principal amount together with any interest accrued to but excluding the Redemption Date.

Following the passing of the Extraordinary Resolution, the Issuer will also pay to each Noteholder the Success Fee of an additional amount equal to 7 per cent. of the nominal amount of the Notes held by such Noteholder.  The Issuer will pay the Success Fee in respect of the Notes that are held by each Noteholder on the Redemption Date.

Unless the context otherwise requires, capitalised terms used but not defined in this announcement shall have the meaning given in the Notice.

Noteholders should contact the following for further information:

TABULATION AGENT

Lucid Issuer Services Limited

Leroy House

436 Essex Road

London N1 3QP

United Kingdom

Telephone: [phone]

Attention: David Shilson / Victor Parzyjagla

Email: [e-mail]

BBVA

Banco Bilbao Vizcaya Argentaria, S.A.

PºCastellana 81 - Planta 18

28046 Madrid

Spain

Telephone: [phone]

Attention: Juan Isusi

Email: [e-mail]

 

END

 

 

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