Loan & DebtJun 9, 2026, 12:41 PM
BBVA to Early Redeem GBP 300M Subordinated Notes on July 15
AI Summary
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) announced its irrevocable decision to early redeem its GBP 300 million Subordinated Notes, which qualify as Tier 2 capital. This action, authorized by the European Central Bank, will take place on July 15, 2026, coinciding with the Optional Redemption Date. The redemption amount per note will be GBP 100,000 plus accrued interest of GBP 3,104.
Key Highlights
- BBVA to early redeem GBP 300 million Subordinated Notes.
- Redemption authorized by the European Central Bank.
- Notes qualify as Tier 2 capital.
- Early redemption date is July 15, 2026.
- Redemption amount per note: GBP 100,000 principal.
- Accrued interest per note: GBP 3,104.
Price Impact
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