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Prospect News home > News index > List of issuers B > Headlines for Banco Bilbao Vizcaya Argentaria, SA > News item
Published on 8/27/2019 in the Prospect News Convertibles Daily.

Banco Bilbao Vizcaya Argentaria to offer convertible preferreds

By Rebecca Melvin

New York, Aug. 27 – Banco Bilbao Vizcaya Argentaria SA plans to offer non-step up contingent convertible perpetual preferred tier 1 securities, according to a filing with the Securities and Exchange Commission.

The preferred securities have a distribution reset after five years and every five years thereafter.

Barclays, BBVA, BofA Securities, Goldman Sachs & Co. LLC, JPMorgan and Morgan Stanley are joint bookrunners of the offering.

Banco Bilbao is a financial group based in Madrid.


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