BBVA prices USD 2.3 billion three-tranche senior non-preferred debt offering
BBVA•Debt offering priced with strong demand
BBVA priced a USD 2.3 billion three-tranche senior non-preferred debt issuance, drawing about USD 7.2 billion of demand.
- Three-year fixed-rate tranche set at U.S. Treasuries +73 bps, coupon 4.977%.
- Five-year tranche set at U.S. Treasuries +90 bps, coupon 5.244%.
- Floating-rate tranche priced at SOFR +89 bps.
The transaction forms part of the group’s 2026 funding plan to refinance MREL-eligible debt and support loan growth.
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