Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 247

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 247
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 “Qualifying Securities” means, with respect to a series of senior non-preferrednotes which is subject to any substitution or modification pursuant to the provisions described above, at any time, any securities issued by BBVA that: (i) contain terms which comply with the then current requirements for inclusion in the Eligible Liabilities Amount as provided under Applicable Banking Regulations, as applicable; (ii) have the same denomination and aggregate outstanding principal amount, the same currency in which payments shall be payable, the same rate of interest and terms for the determination of any applicable rate of interest, the same date of maturity and the same dates for payment of interest as such series of senior non-preferrednotes immediately prior to any substitution or modification pursuant to the provisions described under this “— Substitution and Modification of Senior Non-PreferredNotes”; (iii) have the same or higher ranking as is applicable to such series of senior non-preferrednotes on the issue date of such series of senior non-preferrednotes as described under “— Senior Non-PreferredNotes—Ranking of Senior Non-PreferredNotes” below; (iv) preserve any existing rights under the senior non-preferrednotes to any accrued interest which has not been paid in respect of the period from (and including) the interest payment date last preceding the date of any substitution or modification pursuant to the provisions described under this “— Substitution and Modification of Senior Non-PreferredNotes”; and (v) are listed or admitted to trading on any stock exchange as selected by BBVA, if such series of senior non-preferrednotes was listed or admitted to trading on a stock exchange immediately prior to the relevant substitution or modification pursuant to the provisions described under this “— Substitution and Modification of Senior Non-PreferredNotes”. Discharge, Defeasance and Covenant Defeasance of Senior Notes and Subordinated Notes BBVA may discharge the relevant indenture with respect to any series of senior notes or subordinated notes that have not already been delivered to the applicable trustee for cancellation and that have become due and payable, will become due and payable at their stated maturity within one year or, if redeemable at the option of BBVA, are to be called for redemption within one year, by (i) depositing or causing to be deposited with the applicable trustee, in trust, funds in an amount sufficient to pay and discharge the entire indebtedness on such notes, including principal, interest, premium and any additional amounts to the date of such deposit (if such notes have become due and payable) or