Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 112

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 112
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 peso fell significantly against the U.S. dollar. Given the significance of the BBVA Group’s operations in Mexico, any adverse change affecting political, economic and social conditions in Mexico could have a material adverse effect on the BBVA Group’s business, financial condition and results of operations. Furthermore, other policies of the incoming administration could slow U.S. or global economic growth, increase inflation, affect interest rates or increase instability, any of which could adversely affect the BBVA Group’s business, financial condition and results of operations. See “ Risk Factors—Macroeconomic and Geopolitical Risks—A deterioration in economic or political conditions in the countries where the Group operates could have a material adverse effect on the Group’s business, financial condition and results of operations” in the 2023 Form 20-F and “ Operating and Financial Review and Prospects—Operating Results—Factors Affecting the Comparability of our Results of Operations and Financial Condition—Macroeconomic and geopolitical conditions” in the 9M24 Form 6-K. S-72

USE OF PROCEEDS

The net proceeds from the offering of the Preferred Securities are expected to amount to $990,291,641 after deduction of the underwriting
commissions and the other expenses incurred in connection with the offering of the Preferred Securities. We intend to use the net proceeds of the offering for general corporate purposes.

S-73

CONSOLIDATED CAPITALIZATION AND INDEBTEDNESS OF THE BBVA GROUP The following table sets forth the capitalization and indebtedness of the BBVA Group on an unaudited consolidated basis in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“ IFRS-IASB”) and in accordance with the International Financial Reporting Standards adopted by the European Union (“ EU-IFRS”) required to be applied under the Bank of Spain’s Circular 4/2017, as of September 30, 2024 on an actual basis and as adjusted to reflect the issuance by us of the Preferred Securities pursuant to this offering (converting the aggregate Liquidation Preference of the Preferred Securities into euros at the European Central Bank reference rate for euro at September 30, 2024 of $1.1196 per €1.00), prior to the application of the net proceeds thereof. The exchange rate as of January 7, 2025 was $1.0393 per €1.00.

|                                                |     | As of September 30, 2024 |         |   |     |             |