No results found for "".

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
BBVASM
Banco Bilbao Vizcaya Argentaria SA (BBVA)€1,250
1EMEA
Jun 24, 2026
currency
EUR
size (m)
1,250.000
maturity
Jun 30, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Senior Non-Preferred
moody's
Baa1
s&p
A-
fitch
A-
size description
-
re-open/tap
No
ipt
MS+95-100
ipt-pxd
-27.5
guidance
n/a - straight to launch
spread
70
coupon
3.375%
spread set
-
price
99.67000
yield
3.448%
book size (m)
3,600
peak book (m)
3,600
x-covered
2.88
book attrition
0.00%
nic
15
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
3,600
peak book (m)
3,600
x-covered
2.88
book attrition
0.00%
nic
15
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 3600; First Pay: 2027-06-30; Registration: Reg S Only; Comments: OBL 193+83.9bps (Bid 99.495 HR 101%). Clean-Up Call: 75%. LEI: K8MS7FD7N5Z2WQ51AZ71;
Use of Proceeds
In accordance with BBVA Sustainable Debt Financing Framework, dated December 2024
Relative Value

Green Senior Non-Preferred

5yr (June 2031) @ MS+95 to +100

Implied Spread for fresh 5yr @ MS+55

Priced at MS+70
NIC of +15

COMPS

Ticker

Rating

Coupon

Maturity

Tenor

Size

i-Spread

BBVASM

Baa1 / A- / A-

3.13%

July-30

4.1yr

EUR1bn

+47

BBVASM

Baa1 / A- / A-

3.75%

Jan-36

9.6yr

EUR1.25bn

+88