Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 332

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 332
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 carried out another issue amounting to 500 million pounds sterling with a floating coupon rate of SONIA + 53 bps, both maturing in five years. In relation to traditional format asset securitisation:

| – | The Group is an active participant in this market and it takes part in various securitisation programmes, sometimes                                                   
 acting together with other institutions, granting mortgage loans, loans to small and medium-sized enterprises, consumer loans and loans for the purchase of vehicles. |

| – | There are currently 19 outstanding traditional asset securitisation transactions fully recognised on the Group’s 
 balance sheet. A portion of the securities issued by securitisation funds have been                              |

A-100

| placed in the capital markets and the remainder have been kept in the Group’s portfolio. Of the latter, the eligible securities can be used as collateral for the central bank’s funding 
 operations. As at 31 December 2024, the nominal balance of asset-backed securities placed on the market was 2,185 million euros.                                                         |

| – | On 23 May 2024, TSB Bank set up the securitisation fund of residential mortgage loans, Duncan Funding 2024-1 PLC, through which it securitised one portfolio of mortgage loans in the amount of 557.7 million pounds sterling. The entire senior tranche of 500 million pounds was placed on the market. |

| – | On 26 September 2024, the traditional securitisation Sabadell Consumo 3, F.T. carried out by Banco Sabadell                                                                                                                                    
 under its consumer loan securitisation programme was paid out. This is the third operation of the programme enabling the credit risk of a 750 million euro consumer loan portfolio to be financed and transferred. The issue consists of seven 
 classes of bonds that were placed on the market, with the exception of the first loss tranche of 9.2 million euros to fund the reserve fund and initial expenses, and 76.3 million euros from the senior series which was subscribed by Banco  
 de Sabadell, S.A.                                                                                                                                                                                                                              |

Following the maturity in March 2024 of 5 billion euros corresponding to the TLTRO III facility, as at 2024 year-endthe balance drawn from funding operations with the European Central Bank was nil. For its part, TSB had outstanding borrowings from the Bank of England in the amount of 1,385 million pounds as at the end of