Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 420

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 420
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 |     |        | 500 |     |         |   6.5 |
| Subordinated Debt 1/2024               |     |           | XS2791973642 |     |                  | Institutional |     |            | 27/03/2024 |     |        | 500 |     |         | 10.25 |
| Senior Debt 2/2024 (GBP)               |     |           | XS2898158485 |     |                  | Institutional |     |            | 13/09/2024 |     |        | 543 |     |         |     5 |
| Green Senior Non-Preferred             
 Debt 2/2024                            |     |           | XS2947089012 |     |                  | Institutional |     |            | 27/11/2024 |     |        | 500 |     |         |   6.5 |

In 2024, having obtained the corresponding authorisation, Banco Sabadell exercised the early redemption option on the Senior Debt 2/2019 series amounting to 500 million euros on 7 November 2024. Furthermore, having obtained the corresponding authorisation, Banco Sabadell released an announcement to the market in November regarding the early redemption of the Subordinated Debt 1/2020 series in the amount of 300 million euros, which took place on 17 January 2025. For its part, TSB Bank was active in the covered bonds market in 2024. On 5 March 2024, it carried out its inaugural issuance in EUR amounting to 500 million euros at a fixed rate of 3.32%, and on 11 September 2024, it carried out another issue amounting to 500 million pounds sterling with a floating coupon rate of SONIA + 53 bps, both maturing in five years. 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 loans for the purchase of vehicles. |

| – | There are currently 19 outstanding traditional asset securitisation transactions fully recognised on the 
 Group’s balance sheet. A portion of the securities issued by securitisation funds have been              |

A-189

| placed in the capital markets and the remainder have been kept in