Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 682

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 682
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The Group is an active participant in capital markets and has a number of funding programmes in operation, with a view to diversifying its different funding sources. In terms of short-term funding, as at year-endthe Bank had one corporate commercial paper programme in operation, which governs the issuance of commercial paper and is aimed at institutional and retail investors. The Banco Sabadell Commercial Paper Programme for 2022, registered with Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A.U. (IBERCLEAR), has an issuance limit of 7 billion euros, which can be extended to 9 billion euros. As at 31 December 2022, the outstanding balance of the programme was 872 million euros (net of commercial paper subscribed by Group companies), compared with 426 million euros as at 31 December 2021. A-552

Regarding medium- and long-term funding, the Institution has the following programmes in operation:

| – | Programme for the issuance of non-equity securities (“Fixed Income                                                                                                                                                                                  
 Programme”) registered with the CNMV on 17 November 2022, with an issuance limit of 10 billion euros: this programme regulates the issuance of straight, non-preferred, subordinated or structured                                                  
 bonds and debentures, in addition to mortgage covered bonds and public sector covered bonds issued under Spanish law through the CNMV and aimed at institutional and retail investors, both domestic and foreign. As at 31 December 2022, the limit 
 available for new issues under the Banco Sabadell Programme for the issuance of non-equity securities for 2022 was 9,000 million euros (as at 31 December 2021, the available limit under the Fixed                                                 
 Income Programme for 2021 was 9,933 million euros).                                                                                                                                                                                                 |

In 2022, Banco Sabadell executed five public issues under the current Fixed Income Programme amounting to a total of 1,638 million euros, including one non-preferreddebt issue in green format of 120 million euros:

| Million euro                      |     |           |              |     |                  |               |     |            |            |     |        |       |     |         |    |
|                                   |     | ISIN code |              |     | Type of investor |               |     | Issue date |            |     | Amount |       |     | Term    
 (years) |    |
| Issue of Straight Non-Preferred