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Redemption of securities contingently convertible

16th Jan 2019 07:00

RNS Number : 1929N
Banco Bilbao Vizcaya Argentaria SA
15 January 2019
 

 

 

 

 

Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA" or the "Bank"), in compliance with the Securities Market legislation, hereby proceeds to notify the following:

 

 

RELEVANT INFORMATION

 

 

Pursuant to the terms and conditions of the issuance of preferred securities contingently convertible into ordinary shares of BBVA, carried out by the Bank on 19 February 2014 for a total amount of EUR 1,500 million, with ISIN code XS01033661866 (the "Issuance"), and once the prior consent from the Regulator has been obtained, BBVA hereby announces its irrevocable decision to early redeem the Issuance on 19 February 2019 (i.e., the First Reset Date).

 

The Redemption Price per Preferred Security shall be EUR 203,500, which is equal to the Liquidation Preference plus any unpaid Distributions accrued until (but excluding) 19 February 2019, and shall be paid to Holders in accordance with the terms and conditions of the Issuance.

 

 

Madrid, 15 January, 2019

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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