Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 784

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 784
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 to 750 million euros on 18 May 2022, executed the early redemption of the Senior Preferred 1/2020 issue amounting to 500 million euros on 29 June 2022, as well as the early redemption of the Senior Bonds 3/2020 issue amounting to 120 million euros on 23 November 2022. In relation to asset securitisation:

| – | The Group is a very 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 and consumer loans. |

A-642

| – | There are currently 16 outstanding traditional asset securitisation transactions fully recognised on the balance                                                                                                                                         
 sheet. Although some of the securities issued were retained by the Institution as liquid assets eligible as collateral in exchange for access to funding operations with the European Central Bank or with the Bank of England, in the case of TSB Bank, 
 the rest of the securities were placed in capital markets. As at 31 December 2022, the nominal balance of asset-backed securities placed in the market was 1,251 million euros.                                                                          |

| – | On 13 July 2022, Banco Sabadell sold all of the tranches that are financing the loan book of the securitisation                                                                                                       
 fund Sabadell Consumo 2, FT to the market, for a nominal amount of 750 million euros. This is Banco Sabadell’s second consumer loan securitisation. This transaction was carried out to manage liquidity and capital. |

| – | On 18 August 2022, TSB Bank incorporated the RMBS securitisation fund Duncan Funding 2022-1 PLC for the amount of 1,333 million pounds sterling, which was retained in full. The tranches retained by the Institution may be used as collateral for liquidity operations with the Bank of England. |

| – | In 2022, Banco Sabadell called three securitisation funds early. On 20 June, it called the fund IM Sabadell PYME                                                                                     
 11, FT, whose securities had been fully retained. On 22 September if called the multi-seller fund TDA 23, FTA, the clean-up call date having been reached and on 28 October it called the fund Caixa 
 Penedés 2 TDA, FTA, whose securities were also retained in full.