Company: BBVXF
Filing Date: 2025-07-31
Form Type: F-3ASR
Source: 0001193125-25-170429
Chunk: 12

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: F-3ASR
Chunk 12
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 $500,000,000 under its $6,000,000,000 Global Medium Term Note Program; and                                  |

| • |     | On July 15, 2025, BBVA issued Senior Non-Preferred Notes due 2030 in                                       
 an aggregate principal amount of €1,000,000,000 under its €40,000,000,000 Global Medium Term Note Program. |

In addition, the future capitalization and indebtedness of the BBVA Group may be significantly affected if the Exchange Offer is completed. For information on the Exchange Offer, see “ Other Matters—Exchange Offer regarding Banco Sabadell” in our 1H25 Form 6-K. 11

DESCRIPTION OF BBVA ORDINARY SHARES

The following summary of material considerations concerning the share capital of BBVA briefly describes certain material provisions of
BBVA’s bylaws (estatutos sociales) and Spanish law relating to the share capital of BBVA. Because it is a summary, it is not meant to be complete, is qualified by reference to the applicable Spanish laws and BBVA’s bylaws and does
not contain all the information that may be important to you. Copies of BBVA’s bylaws are included as an exhibit to the registration statement of which this prospectus forms a part. BBVA’s ordinary shares may be offered in an offering
solely of BBVA ordinary shares, as part of an offering of rights to subscribe for ordinary shares, in connection with the issuance of contingent convertible preferred securities convertible into ordinary shares or pursuant to any combination of the
foregoing.

General

All rights and obligations of BBVA’s shareholders are contained in BBVA’s bylaws and in Spanish law. In addition, pursuant to Royal
Decree 84/2015 of February 13, implementing Law 10/2014 (Real Decreto 84/2015, de 13 de febrero, por el que se desarrolla la Ley 10/2014, de 26 de junio, de ordenación, supervisión y solvencia de entidades de crédito), as amended, replaced or supplemented from time to time (“RD 84/2015”), amendments of the bylaws of a bank are subject to notice to or prior authorization of the Bank of Spain. Other requirements to amend BBVA’s
bylaws are discussed under “—Attendance and Voting at Shareholders’ Meetings”.

As of the date of this
prospectus, BBVA’s paid-in share capital is €