General Announcement::Early expiration

Issuer & Securities

Issuer/ Manager
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Securities
BANCO BILBAO US$1.5B NCCPS - XS0926832907 - 2UUB
BANCO BILBAO EUR1.5B PER SEC - XS1033661866 - 2Y9B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
13-Mar-2018 03:33:39
Status
New
Announcement Sub Title
Early expiration
Announcement Reference
SG180313OTHRWC48
Submitted By (Co./ Ind. Name)
Juan Quijano
Designation
Authorized representative
Description (Please provide a detailed description of the event in the box below)
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 9 May 2013 for a total amount of USD 1,500 million, with ISIN code XS0926832907 (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 9 May 2018 (i.e., the First Reset Date).

The Redemption Price per Preferred Security shall be USD 204,500, which is equal to the Liquidation Preference plus any unpaid Distributions accrued until (but excluding) 9 May 2018, and shall be paid to Holders in accordance with the terms and conditions of the Issuance.

Attachments

2018-03-12 IR amortizacion redemption notice ENG.pdf
Total size =19K