Banco Bilbao Vizcaya Argentaria, S.A.
("BBVA"),
in compliance with the Securities Market
legislation, hereby proceeds to notify the
following:
OTHER RELEVANT
INFORMATION
BBVA has agreed to carry out an issue
of preferred securities contingently convertible into newly issued
ordinary shares of BBVA with exclusion of pre-emptive subscription
rights for shareholders (the "Securities") for a total nominal amount
of 750,000,000 euros (the "Issuance").
Once fully paid-up, the Securities
are expected to qualify as Additional Tier 1 Capital of BBVA and
its Group pursuant to the applicable solvency
regulations.
The remuneration of the Securities,
whose payment is discretionary and subject to certain conditions,
has been set at 6.875% on an annual basis until 13 June 2031. After
that, it will be reviewed in accordance with the applicable terms
and conditions of the Issuance by applying a margin of 426.7 basis
points on the 5-year Mid-Swap Rate.
The Issuance is in no event directed
towards retail investors, without prejudice to the additional sales
restrictions set out in the terms and conditions of the
Issuance.
BBVA will request the listing of the
Securities on the Global Exchange Market of Euronext
Dublin.
Madrid, 4
June 2024
Important
information:
This
announcement does not constitute or form part of an offer of
securities for sale in the United States or any other jurisdiction.
The Securities have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act"), and
may not be offered or sold in the United States absent registration
or an exemption from the registration requirements of the
Securities Act. No money, securities or other consideration from
any person inside the United States is being solicited and, if sent
in response to the information contained in this announcement, will
not be accepted. Further restrictions apply in, among other
jurisdictions, Spain, the United Kingdom, Italy, Belgium,
Singapore, Hong Kong, Canada and Switzerland.