Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 179

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 179
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 commissions that we will pay to the underwriters in connection with the offering are set forth on the cover of this prospectus supplement, expressed as a percentage of the Liquidation Preference of the Preferred Securities. The expenses of the offering, not including the commissions payable to the underwriters, are estimated at $1,853,991. The underwriters have agreed to reimburse us for certain of the expenses related to the offering. New Issue of Preferred Securities The Preferred Securities are a new issue of securities with no established trading market. We have been advised by the underwriters that they presently intend to make a market in the Preferred Securities after completion of the offering. However, they are under no obligation to do so and may discontinue any market-making activities at any time without any notice. We cannot assure the liquidity of the trading market for the Preferred Securities or that an active public market for the Preferred Securities will develop. If an active public trading market for the Preferred Securities does not develop, the market price and liquidity of the Preferred S-111

Securities may be adversely affected. If the Preferred Securities are traded, they may trade at a discount from their initial offering price, depending on prevailing interest rates, the market
for similar securities, our operating performance and financial condition, general economic conditions and other factors.

We intend to
apply to list the Preferred Securities on the New York Stock Exchange and, if approved, trading is expected to commence within 30 days after the initial delivery of the Preferred Securities. If such listing is approved, we will endeavor to maintain
such listing as long as the Preferred Securities remain outstanding. Notwithstanding the above, if listing on the New York Stock Exchange is not approved or if such listing is approved and the Preferred Securities are subsequently removed from
listing, we will endeavor to list the Preferred Securities on another organized market in an OECD country as soon as practicable and to maintain such listing.

Settlement

The underwriters expect to
deliver the Preferred Securities in registered book-entry form through the facilities of DTC for credit to accounts of direct or indirect participants in DTC, including Clearstream Luxembourg and Euroclear, on or about January 14, 2025, which will
be the fifth New York business day following the date of this prospectus supplement (such settlement period being referred to as T+5).

Pursuant to Rule 15c6-1 under the Exchange Act, trades in the secondary market are generally required
to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly