Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 291

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 291
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 wholesale market debt deals. Specifically, on 17 January 2025, it exercised the early redemption option on 300 million euros in a subordinated debt deal and on 24 March 2025 it exercised the early redemption option on 750 million euros in a senior non-preferreddebt deal. In the second half of 2025, the Bank has scheduled maturities of medium- and long-term wholesale debt amounting to 1,480 million euros (not including partial and total redemptions of securitisations placed on the market). TSB had no medium- and long-term wholesale debt maturities take place during the first half of 2025, nor does it anticipate any maturities to take place in the second half of the year. On the other hand, on 18 February 2025, it issued one 600 million euro 5yr covered bonds deal. In terms of asset securitisation transactions, on 25 February 2025, the securitisation fund Fondo TDA Sabadell RMBS 5, FT was incorporated for an amount of 3.5 billion euros. The securities were fully retained by Banco Sabadell. The Class A securities, amounting to 3.43 billion euros, are used as collateral for the Eurosystem monetary policy operations. The fund was given the simple, transparent and standardised securitisation designation under the European securitisation regulation. This securitisation was combined with the early termination of the securitisation fund TDA Sabadell RMBS 4, FT, thus increasing the volume of assets eligible to be delivered as collateral to the ECB. The early termination took place on 14 February 2025, Banco Sabadell being the sole holder of the securities. A-30

Liquid assets In addition to these sources of funding, Banco Sabadell maintains a liquidity buffer in the form of liquid assets to meet potential liquidity needs:

| Million euro                                           |     |            |     |            |
|                                                        |     | 30/06/2025 |     | 31/12/2024 |
| Cash(*) + Net interbank position                       |     |     19,871 |     |     12,668 |
| Available in Bank of Spain facility                    |     |     22,603 |     |     20,466 |
| ECB eligible assets not pledged in facility            |     |      8,524 |     |     20