Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 510

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 510
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aturity. 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-326

| – | 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 credit risk of a portfolio of loans granted by this subsidiary in the amount of 650 million euros. The issue consists of six 
 classes of bonds that were placed in the market, with the exception of the first loss tranche of 9.5 million euros to fund the reserve fund and initial expenses, which was retained by Sabadell Consumer Finance, S.A.U., and 156 million         
 euros from the senior series which was subscribed by Banco de Sabadell, S.A.                                                                                                                                                                       |

| – | On 13 September 2023, the Management Company TdA (Titulización de Activos, Sociedad Gestora de Fondos de                                                                                               
 Titulización, S.A.) published an inside information notice through the National Securities Market Commission (CNMV) disclosing the fact that Banco Sabadell had exercised its pre-emptive right to buy 
 back its portion of the portfolio sold to the multi-seller fund TDA 25 FTA (currently in the process of being liquidated by the management company).                                                   |

As at the end of 2023, Banco Sabadell had