Banco Bilbao Vizcaya Argentaria SA announces issue of perpetual contingent convertible securities into ordinary shares


Tuesday, 11 Feb 2014 03:16pm EST 

Banco Bilbao Vizcaya Argentaria SA:Says it has agreed to carry out an issue of perpetual contingent convertible securities into ordinary shares of BBVA (Preferred Securities), without pre-emption rights, for a total amount of 1.5 bln Euros.Says it will apply for the preferred securities to be qualified as additional tier 1 capital under regulation (EU) of the European Parliament and of the Council of Jun. 26, 2013 on the prudential requirements for credit institutions and investment firms.Says issuance will be targeted only at qualified investors and foreign private banking customers and in any case will not be made or subscribed in Spain or among Spanish-resident investors. 

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