BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) Form 424B5 — Nov 6, 2026
BBVA priced a $2.05 billion three-tranche senior non-preferred notes offering: $750 million at 5.609% due 2029, $1 billion at 6.213% due 2036, and $300 million floating at Compounded SOFR plus 114 bps due 2029, all issued at par and settling November 13, 2026. Net proceeds of approximately $2.043 billion will be used for general corporate purposes, consistent with the bank's MREL/eligible liabilities funding program. The notes are intended to be listed on the NYSE and were led by BBVA, Credit Agricole CIB, HSBC, J.P. Morgan, Mizuho and UBS Investment Bank.
Key figures
- Interest Rate
- 5.609% (2029 fixed), 6.213% (2036 fixed), Compounded SOFR + 114 bps (2029 floating)
- Maturity Date
- November 13, 2029 (2029 notes); November 13, 2036 (2036 notes)
- Gross Proceeds
- 2043256356
- Issue date
- 2026-11-13
- Settlement
- T+6 via DTC
- Total assets eur
- €986,191 million as of September 30, 2026
- Tranche 2029 fixed
- $750,000,000 at 5.609%, issue price 100.000%, net proceeds $748,500,000
- Tranche 2036 fixed
- $1,000,000,000 at 6.213%, issue price 100.000%, net proceeds $996,200,000
- Tranche 2029 floating
- $300,000,000 at Compounded SOFR + 114 bps, issue price 100.000%, net proceeds $299,400,000
- Net income 9m 2026 eur
- €9,066 million attributable to parent
- Outstanding indebtedness eur
- €71,784 million as of September 30, 2026, 13.93% secured
AI analysis
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