BBVA: Launched a euro-denominated senior non-preferred bond issue
- BBVA leading the transformation of banking worldwide, united in pursuing the goal of bringing the age of opportunity to everyone
- The initial price is mid-swap plus 105 basis points and the term is 7 years, with a redemption option in the sixth year
- By doing so, the bank debuts with an instrument included in its funding plan, already familiar to the market
- This plan foresees that the bank will issue between 2 and 3 billion euros per year in senior issues -both preferred
- The banks spearheading the operation are BBVA itself, together with IMI-Intesa Sanpaolo, Natixis, NatWest Markets, Nomura
- The profitability of its retail banking franchise, its cautious risk management
