Gold prices edge lower; heading for weekly losses ahead of U.S.-Russia talks
MADRID - Banco Bilbao Vizcaya Argentaria, S.A. (BME:BBVA) announced Wednesday its decision to redeem $1 billion in senior non-preferred fixed-to-fixed rate notes next month, according to a statement released by the Spanish banking giant.
The bank will redeem the 5.862% notes, which were issued on September 14, 2022, with a maturity date of 2026, on their reset date of September 14, 2025. BBVA confirmed it has obtained the required prior consent from the Single Resolution Board for this early redemption.
The redemption price will total $1,029,130,000, representing 100% of the principal amount plus accrued but unpaid interest. Since September 14 falls on a Sunday, the actual payment will be processed on the next business day, September 15, 2025.
Holders of the notes (ISIN US05946KAK79) will receive payment upon surrendering their securities to The Bank of New York Mellon, which serves as the paying agent. Notes held through The Depository Trust Company should be surrendered according to DTC’s procedures.
The announcement comes as part of BBVA’s ongoing debt management strategy. The bank made this disclosure in compliance with securities market legislation through a regulatory filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.