Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 607

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 607
---
adell exercised the early redemption option on the AT1 2/2017 issue amounting to 400 million euros on 23 February 2023 and the early redemption option on the Subordinated Debt 1/2018 issue amounting to 500 million euros on 12 December 2023. Furthermore, on 8 September 2023, together with the Senior Non-PreferredDebt 2/2023 issue, Banco Sabadell called the Senior Non-PreferredDebt 1/2019 issue in the amount of 580.4 million euros, leaving an outstanding balance of 419.6 million euros on this issue. For its part, TSB Bank was active in the covered bonds market in 2023. On 14 February 2023, it issued covered bonds in the amount of 1 billion pounds with a floating rate coupon indexed at SONIA +60 basis points and with a 4-yearmaturity, and on 15 September, it executed another issue for 750 million pounds with a floating rate coupon at SONIA +65 basis points with a 5-yearmaturity. Together with this transaction, TSB Bank called its Covered Floating Rate Notes 2019 issue in the amount of 250 million pounds, leaving an outstanding balance on this issue of 500 million pounds. 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 vehicle purchase loans. |

| – | There are currently 17 outstanding traditional asset securitisation transactions fully recognised on the                                                                                                                                   
 Group’s balance sheet. A portion of the securities issued by securitisation funds have been 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. The remaining securities are placed on the capital market. As at 31 December 2023, the nominal balance of asset-backed securities placed in the market was 1,410 million euros.      |

A-415

| – | On 29 September 2023, the traditional securitisation fund Autos 1, FT was disbursed. This inaugural                                                                                                                                                
 securitisation carried out by the subsidiary Sabadell Consumer Finance, S.A.U., enabled the financing and transfer of