Every 424B that BANCO BILBAO V/ARGNTNA SA (BBVXF) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow BBVXF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BBVXF filings page.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) is conducting a primary debt offering of $1,000,000,000 4.977% senior non-preferred notes due 2029, $1,000,000,000 5.244% senior non-preferred notes due 2031 and $300,000,000 senior non-preferred floating-rate notes due 2029 at 100% of principal.
The fixed-rate notes pay semi-annual interest on March 3 and September 3, starting March 3, 2027; the floating-rate notes pay quarterly interest based on Compounded SOFR + 89 bps, subject to a 0% floor, starting December 3, 2026. Each series matures at 100% of principal on its stated maturity date and may be redeemed early for certain Tax Events, Eligible Liabilities Events or via a clean-up call, subject to regulatory conditions.
The notes are senior non-preferred obligations: principal ranks pari passu with other senior non-preferred liabilities, below senior preferred claims and above subordinated debt, while accrued interest ranks as subordinated in Spanish insolvency. All series are expressly subject to the Spanish Bail-in Power, allowing authorities to write down, convert, amend or cancel the notes. BBVA expects net proceeds of $2,293,042,468 for general corporate purposes and intends to list each series on the New York Stock Exchange.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is offering three series of U.S. dollar-denominated senior non-preferred notes under its shelf program: fixed-rate notes due 2029, a second fixed‑rate series with a later maturity, and floating‑rate notes due 2029. The fixed‑rate series pay semiannual interest, while the 2029 floating‑rate notes pay quarterly interest based on Compounded SOFR plus a margin, subject to a 0.000% floor. All series repay 100% of principal at their stated maturity unless redeemed earlier.
The notes are senior non-preferred, unsecured obligations, ranking below privileged claims, claims against the insolvency estate, and senior preferred obligations, pari passu with other senior non‑preferred obligations, and ahead of subordinated claims for principal. Accrued interest and Additional Amounts rank as subordinated claims in a Spanish insolvency. The notes are fully subject to Spanish Bail‑in Power, allowing the Spanish resolution authority to write down, convert, cancel, or amend the notes without prior notice, and investors contractually agree to be bound by such actions.
BBVA may redeem the notes upon a Tax Event, upon an Eligible Liabilities Event, or via a clean‑up call once at least 75% of a series has been repurchased, in each case subject to regulatory conditions. Net proceeds will be used for general corporate purposes. The notes are intended only for institutional and professional investors (not retail investors in any jurisdiction). BBVA plans to list each series on the New York Stock Exchange, with settlement through DTC, Clearstream and Euroclear.
Banco Bilbao Vizcaya Argentaria, S.A. is offering $1,250,000,000 aggregate principal amount of 4.968% senior non-preferred fixed rate notes due May 8, 2031. Interest is payable semi‑annually on May 8 and November 8, commencing November 8, 2026. The notes are unsecured senior non‑preferred obligations and are subject to Spanish resolution and bail‑in powers, substitution or modification upon an Eligible Liabilities Event or Tax Event, and certain restrictions on retail distribution. Net proceeds are intended for general corporate purposes.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is offering $1,000,000,000 aggregate liquidation preference of Series 16 non-step-up, non-cumulative contingent convertible perpetual preferred Tier 1 securities. The securities are perpetual with a $200,000 liquidation preference per security and accrue Distributions from May 8, 2026 at an initial rate of 7.125% per annum until the First Reset Date of May 8, 2033.
Following each five-year Reset Date the Distribution Rate will equal the Initial Margin of 2.985% plus the 5-year UST for the Reset Period, as determined by the Calculation Agent. The securities are mandatorily convertible into Common Shares upon a Trigger Event tied to a CET1 ratio below 5.125%, are subject to Spanish bail-in rules and may have Distributions cancelled at BBVA’s discretion.
Banco Bilbao Vizcaya Argentaria, S.A. is offering Series 16 non-step-up, non-cumulative contingent convertible perpetual preferred Tier 1 securities with a liquidation preference of $200,000 per Preferred Security. The securities accrue discretionary quarterly distributions and are mandatorily convertible into Common Shares upon a Trigger Event (CET1 ratio below 5.125%) or certain capital reductions. The Preferred Securities are perpetual, rank junior to unsubordinated and most subordinated claims while ranking pari passu with other Additional Tier 1 instruments, and are subject to the exercise of the Spanish Bail-in Power. Distribution payments may be cancelled, are non-cumulative, and conversion will irrevocably release BBVA’s obligations (except certain Spanish tax items). The offering is targeted to institutional/professional investors and excludes retail investors in multiple jurisdictions.
Banco Bilbao Vizcaya Argentaria, S.A. is offering three series of senior non-preferred notes to raise long-term funding: $1,000,000,000 of 4.150% fixed notes due 2029, $1,000,000,000 of 5.127% fixed notes due 2036 and $500,000,000 of floating-rate notes due 2029.
Interest on the fixed notes is paid semi-annually starting September 3, 2026; the floating-rate notes pay quarterly starting June 3, 2026. Settlement is expected through DTC on or about March 3, 2026 (T+6). The offering is subject to the exercise of the Spanish Bail-in Power and other regulatory and tax conditions described in the prospectus supplement.
Banco Bilbao Vizcaya Argentaria, S.A. is offering three series of senior non-preferred notes: fixed-rate notes due 2029, floating-rate notes due 2029, and fixed-rate notes due 2036
The supplement describes interest payment schedules for each series, intended listing on the New York Stock Exchange, DTC book-entry settlement, and repeat warnings that the Notes are not for retail investors. The Notes are subject to the Spanish Bail-in Power and rank as Senior Non-Preferred obligations under Spanish insolvency and resolution rules.