Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 282

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 282
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 wholesale market trades amounting to 2 billion euros. In particular, on 18 February 2025 it issued one 500 million euro 8NC7yr senior non-preferreddebt deal, on 28 March 2025 it issued one 500 million euro 8yr mortgage covered bonds deal, and on 20 May 2025 it issued one 1 billion euro PerpNC6yr CoCos (Additional Tier 1) deal at a fixed coupon rate of 6.50%. In addition, during the first half of the year, Banco Sabadell successfully exercised two early redemption options on 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