BBVA to Early Redeem €1 Billion Senior Preferred Notes in March 2026

Banco Bilbao Vizcaya Argentaria ( (ES:BBVA) ) has provided an update.

BBVA has decided to exercise its call option to fully redeem its €1 billion Senior Preferred Notes, issued in March 2021 and maturing on the optional redemption date of 24 March 2026, after securing prior authorization from the Single Resolution Board. Holders of the notes will receive €100,000 principal plus €125 in accrued and unpaid interest per note on 24 March 2026, a move that reflects BBVA’s active management of its capital and funding structure and may signal efforts to optimize its liability profile under current market and regulatory conditions.

More about Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria (BBVA) is a major Spanish banking group operating in retail and wholesale banking, providing a broad range of financial services including deposits, lending, and capital markets products. The bank serves customers across Europe and other international markets, funding its activities through instruments such as senior preferred notes and other debt securities.

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