Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047351
Chunk: 23

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 23
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, the liquidity situation remains adequate throughout the region in the first nine months of 2025 . In BBVA Argentina, the credit gap improved in Argentine pesos despite strong loan growth due to the boost in time deposits. In the US dollar balance sheet, the growth of loans exceeded fund gathering, thus widening the credit gap in this currency. In BBVA Colombia, the liquidity situation is comfortable, even though the credit gap widened in the first nine months of the year, with a sustained growth of loans that exceeded the volume of fund gathering. At BBVA Peru, the liquidity situation remains solid, with a credit gap that has widened during the year due to the dynamism of lending activity. The main wholesale financing transactions carried out by the BBVA Group during the first nine months of 2025 are listed below.

| Issuer     |                      | Type of issue | Date of issue | Nominal(millions) | Currency | Coupon | Earlyredemption | Maturity date |
| BBVA, S.A. |                      | AT1           |        Jan-25 |             1,000 | USD      | 7.750% | Jan-32          | Perpetual     |
|            | Tier 2               | Feb-25        |         1,000 |               EUR | 4.000%   | Feb-32 | Feb-37          |               |
|            | Senior non-preferred | Jul-25        |         1,000 |               EUR | 3.125%   | _      | Jul-30          |               |
|            | Senior non-preferred | Aug-25        |         1,000 |               EUR | 3.750%   | _      | Aug-35          |               |

Also, on May 10, 2025, BBVA redeemed early and entirely, all senior preferred bonds issued in May 2023 for €1 billion; in March it redeemed in full a USD 1 billion AT1 issued in 2019 and in January it redeemed early and in full a €1 billion Tier 2 issued in January 2020 maturing in 2030. In addition, on June 25, BBVA announced that the Board of Directors of BBVA had approved an issue of Contingent Convertible Preferred Securities (AT1) into new ordinary shares of BBVA for a maximum amount of €1.5 billion (pending execution as of 30 September 2025) excluding the preferential subscription rights of the shareholders. The