Early redemption of preferred securities

RNS Number : 8983X

Banco Bilbao Vizcaya Argentaria SA

23 December 2019

 

Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA" or the "Bank"), in compliance with the Securities Market legislation, hereby proceeds to notify the following:

RELEVANT INFORMATION

Pursuant to the terms and conditions of the issuance of preferred securities contingently convertible into ordinary shares of BBVA, carried out by the Bank on 18 February 2015 for a total amount of EUR 1,500 million, with ISIN code XS1190663952 (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 18 February 2020 (i.e., the First Reset Date).

The Redemption Price per Preferred Security shall be EUR 203,375, which is equal to the Liquidation Preference plus any unpaid Distributions accrued until (but excluding) 18 February 2020, and shall be paid to Holders in accordance with the terms and conditions of the Issuance.

Madrid, 23 December, 2019

 

END

 

 

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