REG - Banco Bil.Viz.Argent - BBVA: Results of its invitation to holders

Fri Jun 29, 2012 3:01am EDT

* Reuters is not responsible for the content in this press release.

RNS Number : 4603G
Banco Bilbao Vizcaya Argentaria SA
29 June 2012
 

 

 

 

Banco Bilbao Vizcaya Argentaria, S.A.("BBVA"), in compliance with the Securities Exchange legislation, hereby files the following:

 

RELEVANT EVENT

 

BBVA announces the results of its invitation (the "Invitation") to holders of the outstanding asset-backed securities detailed in the annexed table (the "Senior Securities" and the "Mezzanine Securities", together the "Securities") to tender their Securities for purchase by BBVA for cash. The Invitation was launched last 20 June 2012 and announced in relevant event filing number 167605 of that same day.

 

The Invitation expired at 5:00 p.m. (Central European Time) on 27 June 2012.

 

BBVA has decided pursuant to the terms set out in the Tender Offer Memorandum, 20 June 2012, to accept for purchase an aggregate principal amount of the Securities of €638,221,693.07. There has been no scaling of any of the Securities validly tendered for purchase and accepted by BBVA. The expected Settlement Date for the Invitation is 2 July 2012.

 

BBVA estimates that the transaction will generate a capital gain of €250,129,138.90.

 

BBVA, Barclays Bank PLC, HSBC Bank plc and Société Générale are acting as Dealer Managers for the Invitation. Lucid Issuer Services Limited is acting as Tender Agent. For detailed terms of the Initiations please refer to the Tender Offer Memorandum.

 

The Tender Agent will, on the day of this announcement, communicate to the Accountholders which Tender Instructions have been accepted and which have not been accepted. If you would like further information please contact the Tender Agent: www.lucid-is.com/bbva / +44 (0) 20 7704 0880, Attention: David Shilson / Paul Kamminga.

 

The results of the acceptances for the purchase of Securities by BBVA, whose Purchase Prices have been determined in compliance with the unmodified Dutch auction procedure are described in the annexed tables.

 

Capitalised terms used in this announcement but not defined have the meaning given to them in the Tender Offer Memorandum dated 20 June 2012.

 

Madrid, 28 June 2012

 

 

DISCLAIMER

This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of BBVA, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.


ANNEX

SENIOR SECURITIES


Issuer

Series

ISIN

Aggregate Outstanding Principal Amount

Aggregate Principal Amount Accepted for each Series

Total amount paid for the Aggregate Principal Amount Accepted for each Series (excluding interest)

BBVA-3 FTPYME Fondo de Titulización de Activos

Series A2(G) €215,300,000

ES0310110012

€32,203,541

-

-

BBVA HIPOTECARIO 3 Fondo de Titulización de Activos

Series A2 €925,700,000

ES0314227010

€153,254,911

-

-

BBVA-4 PYME Fondo de Titulización de Activos

Series A2 €879,300,000

ES0370458012

€26,765,804

-

-

BBVA AUTOS 2 Fondo de Titulización de Activos

Series A €949,500,000

ES0333761007

€96,238,187

-

-

BBVA CONSUMO 1 Fondo de Titulización de Activos

ES0333763003

€146,708,902

-

-

BBVA-5 FTPYME Fondo de Titulización de Activos

Series A1 €1,472,800,000

ES0370459002

€80,348,015

-

-

BBVA-5 FTPYME Fondo de Titulización de Activos

Series A2 €200,000,000

ES0370459010

€26,220,380

-

-

BBVA-5 FTPYME Fondo de Titulización de Activos

Series A3(G) €130,300,000

ES0370459028

€13,320,751

-

-

BBVA CONSUMO 2 Fondo de Titulización de Activos

Series A €1,440,700,000

ES0313956007

€202,765,847

-

-

BBVA FINANZIA AUTOS 1 Fondo de Titulización de Activos

Series A €744,000,000

ES0313958003

€103,976,009

-

-

BBVA RMBS 1 Fondo de Titulización de Activos

Series A2 €1,400,000,000

ES0314147010

€914,677,260

€17,378,867.94

€14,705,723.66

BBVA RMBS 1 Fondo de Titulización de Activos

Series A3 €495,000,000

ES0314147028

€495,000,000

€100,000,000.00

€75,000,000.00

BBVA RMBS 2 Fondo de Titulización de Activos

Series A2 €2,400,000,000

ES0314148018

€1,547,150,880

€110,750,217.16

€96,442,294.77

BBVA RMBS 2 Fondo de Titulización de Activos

Series A3 €387,500,000

ES0314148026

€387,500,000

€65,000,000.00

€55,900,000.00

BBVA RMBS 2 Fondo de Titulización de Activos

Series A4 €1,050,000,000

ES0314148034

€1,050,000,000

-

-

BBVA-6 FTPYME Fondo de Titulización de Activos

Series A1 €1,201,900,000

ES0370460000

€84,477,465

-

-

BBVA-6 FTPYME Fondo de Titulización de Activos1

Series A2(G) €215,500,000

ES0370460018

€93,825,381

-

-

BBVA LEASING 1 Fondo de Titulización de Activos

Series A1 €750,000,000

ES0314209000

€114,291,525

-

-

BBVA LEASING 1 Fondo de Titulización de Activos

Series A2 €1,606,200,000

ES0314209018

€244,766,730

-

-

BBVA RMBS 3 Fondo de Titulización de Activos

Series A1 €1,200,000,000

ES0314149008

€551,750,520

€11,540,781.71

€7,939,689.98

BBVA RMBS 3 Fondo de Titulización de Activos

Series A2 €595,500,000

ES0314149016

€557,606,191

-

-

BBVA RMBS 3 Fondo de Titulización de Activos

Series A3a €681,031,152

ES0314149057

€671,905,335

-

-

BBVA RMBS 3 Fondo de Titulización de Activos

Series A3b €136,206,230.40

ES0314149065

€136,206,230

-

-

BBVA RMBS 3 Fondo de Titulización de Activos

Series A3c €63,562,907.52

ES0314149073

€63,562,908

€40,010,580.18

€24,006,348.11

BBVA RMBS 3 Fondo de Titulización de Activos

Series A3d €27,241,246.08

ES0314149081

€27,241,246

€27,241,246.08

€16,344,747.65

BBVA-8 FTPYME Fondo de Titulización de Activos

Series A2(G) €461,700,000

ES0370462014

€197,119,075

-

-

 

MEZZANINE SECURITIES


Issuer

Series

ISIN

Aggregate Outstanding Principal Amount

Aggregate Principal Amount Accepted for each Series

Total amount paid for the Aggregate Principal Amount Accepted for each Series (excluding interest)

BBVA AUTOS 1 Fondo de Titulización de Activos

Series C €27,000,000

ES0314204027

€20,504,183

-

-

BBVA-3 FTPYME Fondo de Titulización de Activos

Series B €40,800,000

ES0310110020

€17,657,844

-

-

BBVA-3 FTPYME Fondo de Titulización de Activos

Series C €18,600,000

ES0310110038

€8,049,900

-

-

BBVA HIPOTECARIO 3 Fondo de Titulización de Activos

Series B €55,900,000

ES0314227028

€46,525,861

-

-

BBVA HIPOTECARIO 3 Fondo de Titulización de Activos

Series C €18,900,000

ES0314227036

€15,731,895

-

-

BBVA-4 PYME Fondo de Titulización de Activos

Series B €28,800,000

ES0370458020

€18,409,870

-

-

BBVA-4 PYME Fondo de Titulización de Activos

Series C €41,900,000

ES0370458038

€26,783,804

-

-

BBVA AUTOS 2 Fondo de Titulización de Activos

Series B €20,500,000

ES0333761015

€20,500,000

-

-

BBVA AUTOS 2 Fondo de Titulización de Activos

Series C €30,000,000

ES0333761023

€30,000,000

-

-

BBVA CONSUMO 1 Fondo de Titulización de Activos

Series B €28,500,000

ES0333763011

€28,500,000

-

-

BBVA CONSUMO 1 Fondo de Titulización de Activos

Series C €24,000,000

ES0333763029

€24,000,000

€10,100,000.00

€5,045,000.00

BBVA-5 FTPYME Fondo de Titulización de Activos

Series B €39,900,000

ES0370459036

€39,900,000

-

-

BBVA-5 FTPYME Fondo de Titulización de Activos

Series C €57,000,000

ES0370459044

€57,000,000

-

-

BBVA CONSUMO 2 Fondo de Titulización de Activos

Series B €16,500,000

ES0313956015

€16,500,000

-

-

BBVA CONSUMO 2 Fondo de Titulización de Activos

Series C €42,800,000

ES0313956023

€42,800,000

-

-

BBVA FINANZIA AUTOS 1 Fondo de Titulización de Activos

Series B €26,800,000

ES0313958011

€26,800,000

-

-

BBVA FINANZIA AUTOS 1 Fondo de Titulización de Activos

Series C €29,200,000

ES0313958029

€29,200,000

-

-

BBVA RMBS 1 Fondo de Titulización de Activos

Series B €120,000,000

ES0314147036

€120,000,000

€66,600,000.00

€27,732,500.00

BBVA RMBS 1 Fondo de Titulización de Activos

Series C €85,000,000

ES0314147044

€85,000,000

€58,500,000.00

€18,155,000.00

BBVA RMBS 2 Fondo de Titulización de Activos

Series B €112,500,000

ES0314148042

€112,500,000

€43,200,000.00

€17,575,000.00

BBVA RMBS 2 Fondo de Titulización de Activos

Series C €100,000,000

ES0314148059

€100,000,000

€65,100,000.00

€20,191,750.00

BBVA-6 FTPYME Fondo de Titulización de Activos

Series B €50,300,000

ES0370460026

€50,300,000

€22,800,000.00

€9,054,500.00

BBVA-6 FTPYME Fondo de Titulización de Activos

Series C €32,300,000

ES0370460034

€32,300,000

-

-

BBVA LEASING 1 Fondo de Titulización de Activos

Series B €82,500,000

ES0314209026

€82,500,000

-

-

BBVA LEASING 1 Fondo de Titulización de Activos

Series C €61,300,000

ES0314209034

€61,300,000

-

-

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBKCDPABKKAAB
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.