Instrument: MREL eligible Green Senior Non-Preferred Notes, Unsecured
Offering Format: Reg S, Cat 2, Bearer form, NGN, TEFRA D Rules apply, no communications with or into the US
Tenor: 5-year FXD
Issue Amount: € Benchmark
Settlement: 30-Jun-26 (T+4)
Maturity: 30-Jun-31 (5-year)
Coupon: [●] per cent. Fixed, Annual, payable in arrears, Act/Act (ICMA), Following Unadjusted
Coupon Payment Date: 30 June every year, commencing on 30-Jun-27
Issuer Residual Call: Applicable. If, at any time, the outstanding aggregate nominal amount of the Notes is 25 per cent. or less of the aggregate nominal amount of the Series issued, the Notes may be redeemed at the option of the Issuer in whole, but not in part, at the Residual Call Early Redemption Amount together, if appropriate, with interest accrued to (but excluding) the date fixed for redemption in the relevant notice to the Noteholders, subject to compliance with Applicable Banking Regulations then in force, and subject to the prior consent of the Regulator if required. Condition 6(f) applies
Denominations: €100k+€100k
Listing: Regulated Market of the Irish Stock Exchange plc, trading as Euronext Dublin
Docs: BBVA’s €40bn Global Medium Term Note Programme dated 17-Jul-25 (the “Base Prospectus”) as supplemented on 14-Aug-25, 18-Nov-25, 20-Apr-26, and 19-May-26
Business Day: T2
Governing Law: Spanish Law
Joint Bookrunners: BBVA (B&D), Crédit Agricole CIB, Deutsche Bank, HSBC, Lloyds
Target market: Manufacturer target market (MIFID II/MIFIR UK product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK. The target market assessment indicates that the Notes are incompatible with the knowledge, experience, needs, characteristics, and objectives of clients which are retail clients (as defined in MiFID II) and accordingly the Notes shall not be offered or sold to any retail clients.
Fees: The Joint Bookrunners will be paid a fee in connection with the transaction (MiFID II)