3rd Feb 2006 15:53
Banco Bilbao Vizcaya Argentaria SA03 February 2006 SUPPLEMENT DATED 3RD FEBRUARY, 2006 TO THE OFFERING CIRCULAR DATED 18TH JULY,2005 BBVA Senior Finance, S.A. Unipersonal (Incorporated in Spain with limited liability) BBVA Subordinated Capital, S.A. Unipersonal (Incorporated in Spain with limited liability) Banco Bilbao Vizcaya Argentaria, S.A. (Incorporated in Spain with limited liability) €20,000,000,000 Global Medium Term Note Programme This Supplement (the Supplement) to the Offering Circular (the OfferingCircular) dated 18 July 2005 which comprises a base prospectus constitutes asupplementary prospectus for the purposes of Section 87G of the FinancialServices and Markets Act 2000 (the FSMA) and is prepared in connection with theGlobal Medium Term Note Programme (the Programme) established by BBVA SeniorFinance, S.A. Unipersonal and BBVA Subordinated Capital, S.A. Unipersonal (theIssuers). Terms defined in the Offering Circular have the same meaning whenused in this Supplement. This Supplement is supplemental to, and should be read in conjunction with, theOffering Circular and any other supplements to the Offering Circular issued bythe Issuers. Each of the Issuers and Banco Bilbao Vizcaya Argentaria, S.A. (the Guarantor)accepts responsibility for the information contained in this Supplement. To thebest of the knowledge of each of the Issuers and the Guarantor (which have takenall reasonable care to ensure that such is the case) the information containedin this Supplement is in accordance with the facts and does not omit anythinglikely to affect the import of such information. On 25 January 2006, the Guarantor published its consolidated interim financialstatements as at and for the twelve month period ended 31 December 2005. A copyof those interim financial statements has been filed with the Financial ServicesAuthority and, by virtue of this Supplement, those interim financial statementsare incorporated in, and form part of, the Offering Circular. Copies of alldocuments incorporated by reference in the Offering Circular can be obtainedfrom the Issuers, the Guarantor and the Paying Agent in London as described onpage 20 of the Offering Circular. In addition, the Offering Circular shall be amended as follows. The firstsentence under the heading "Summary Financial Information" contained in the"Summary of the Programme" on page eight of the Offering Circular should bedeemed to be deleted and replaced by the following sentence: "As at 31st December, 2005 BBVA's total assets were €392,389 million and itsoperating profit for the year then ended was €6,823 million." As anticipated and explained under the heading "Transition to InternationalFinancial Reporting Standards" on page 94 of the Offering Circular, BBVA hasprepared its consolidated financial statements for the year ended 31st December,2005 in conformity with IFRS and for comparison purposes, a consolidated balancesheet as of 31st December, 2004 and a consolidated statement of income for theyear then ended have also been prepared in accordance with IFRS and are set outin the interim financial statements incorporated by reference into the OfferingCircular by virtue of this Supplement. To the extent that there is any inconsistency between (a) any statement in thisSupplement or any statement incorporated by reference into the Offering Circularby this Supplement and (b) any other statement in or incorporated by referencein the Offering Circular or other previous supplements, the statements in (a)above will prevail. Save as disclosed in this Supplement and any supplement to the Offering Circularpreviously issued, there has been no other significant new factor, materialmistake or inaccuracy relating to information included in the Offering Circularsince the publication of the Offering Circular. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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