Banco Bilbao Vizcaya Argentaria SA Early redemption of preferred securities (0886R)
03 Marzo 2021 - 11:07AM
UK Regulatory
TIDMBVA
RNS Number : 0886R
Banco Bilbao Vizcaya Argentaria SA
03 March 2021
Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA"), in compliance
with the Securities Market legislation, hereby proceeds to notify
the following:
INSIDE INFORMATION
Pursuant to the terms and conditions of the issuance of
preferred securities contingently convertible into ordinary shares
of BBVA, carried out by BBVA on 14 April 2016 for a total amount of
EUR 1,000 million, with ISIN code ISIN XS1394911496 (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 14 April 2021 (i.e., the First Reset
Date).
The Redemption Price per Preferred Security shall be EUR
204,437.5 , which is equal to the Liquidation Preference plus any
unpaid Distributions accrued until (but excluding) 14 April 2021,
and shall be paid to Holders in accordance with the terms and
conditions of the Issuance.
Madrid, 3 March 2021
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