Banco Bilbao Vizcaya Argentaria SA Early redemption of preferred securities (8983X)
23 Diciembre 2019 - 11:15AM
UK Regulatory
TIDMBVA
RNS Number : 8983X
Banco Bilbao Vizcaya Argentaria SA
23 December 2019
Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA" or the "Bank"), in
compliance with the Securities Market legislation, hereby proceeds
to notify the following:
RELEVANT INFORMATION
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 18 February 2015 for a total
amount of EUR 1,500 million, with ISIN code XS1190663952 (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 18 February 2020 (i.e., the First Reset
Date).
The Redemption Price per Preferred Security shall be EUR
203,375, which is equal to the Liquidation Preference plus any
unpaid Distributions accrued until (but excluding) 18 February
2020, and shall be paid to Holders in accordance with the terms and
conditions of the Issuance.
Madrid, 23 December, 2019
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END
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