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Banco Bilbao Vizcaya Argentaria ( (ES:BBVA) ) has issued an update.
BBVA has announced its decision to issue preferred securities that are contingently convertible into newly issued ordinary shares, with a total nominal amount of 1 billion euros. This issuance is aimed at enhancing BBVA’s Additional Tier 1 Capital, aligning with solvency regulations, and is not intended for retail investors. The securities will be listed on the Global Exchange Market of Euronext Dublin, and the issuance is subject to various jurisdictional restrictions.
More about Banco Bilbao Vizcaya Argentaria
Banco Bilbao Vizcaya Argentaria (BBVA) is a prominent financial institution operating in the banking industry, offering a wide range of financial services including retail banking, asset management, and investment banking. The company focuses on providing innovative banking solutions and has a significant presence in various international markets.
See more insights into BBVA stock on TipRanks’ Stock Analysis page.