BBVA issues euro-denominated contingent convertible bond with 7.125% coupon

BBVA•2026-11-10

BBVA launched a euro-denominated contingent convertible bond with a fixed 7.13% interest rate and an October 18, 2034 call option.

1. Bond terms

BBVA launched a euro-denominated contingent convertible bond on Tuesday. It carries a fixed interest rate of 7.13% and has a call option on October 18, 2034; if it is not redeemed, the rate resets to the five-year mid-swap rate plus a spread to be determined.

Sources

BBVA issues euro-denominated contingent convertible bond with 7.125% coupon

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BBVA issues euro-denominated contingent convertible bond with 7.125% coupon

1. Bond terms

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Sources

BBVA issues euro-denominated contingent convertible bond with 7.125% coupon

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