Monitor BBVA's upcoming quarterly earnings for continued revenue and profit growth trends; this debt issuance does not change the fundamental outlook.
Price Chart
Executive Summary
BBVA is issuing $1.25 billion of 4.968% senior non-preferred fixed-rate notes due 2031, with net proceeds of approximately $1.246 billion for general corporate purposes. This is a routine debt capital management transaction within the context of the bank's strong Q1 2026 results (profit up 10.8% YoY) and robust CET1 ratio of 12.83%.
Key Facts
- Issued $1,250,000,000 aggregate principal amount of 4.968% Senior Non-Preferred Fixed Rate Notes due 2031.
- Net proceeds to issuer (before expenses): $1,246,500,000.
- Notes priced at 100.000% of principal, with underwriting discount of 0.280%.
- Use of proceeds: general corporate purposes.
- Notes are senior non-preferred obligations ranking pari passu with other senior non-preferred obligations.
Financial Impact
Routine debt offering of $1.25 billion, net proceeds $1.2465 billion, with a coupon of 4.968%.
Risk Factors
- Potential for further dilutive offerings if capital needs increase.
- Interest rate risk from fixed-rate debt in a rising rate environment.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-213828 |
| Document: d432361dex411.htm | 0001193125-26-213828 |
| Document: d432361dex52.htm | 0001193125-26-213828 |
| Document: d432361dex51.htm | 0001193125-26-213828 |
| Document: d432361d6k.htm | 0001193125-26-213828 |
| Document: 0001193125-26-213828-index-headers.html | 0001193125-26-213828 |
| Document: 0001193125-26-213828-index.html | 0001193125-26-213828 |
| Document: 0001193125-26-213828.txt | 0001193125-26-213828 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 9, 2026 20w ago | 6-K | $22.53 $29.53 | ▲ +31.07% | ▲ +26.99% | $24.96 (+10.79%) |
Jun 8, 2026 20w ago | 6-K | $22.47 $28.80 | ▲ +28.17% | ▲ +24.85% | $24.96 (+11.08%) |
Jun 1, 2026 21w ago | 6-K | $23.34 $29.58 | ▲ +26.74% | ▲ +25.50% | $24.96 (+6.94%) |
May 26, 2026 22w ago | 6-K | $22.40 $28.77 | ▲ +28.44% | ▲ +25.71% | $24.96 (+11.43%) |
May 18, 2026 23w ago | 6-K | $22.55 $28.42 | ▲ +26.03% | ▲ +21.18% | $24.96 (+10.69%) |
May 12, 2026 24w ago | 6-K | $21.20 $27.69 | ▲ +30.61% | ▲ +26.23% | $24.96 (+17.74%) |
May 11, 2026 24w ago | 6-K | $21.54 $28.83 | ▲ +33.84% | ▲ +29.45% | $24.96 (+15.88%) |
May 8, 2026 24w ago | 6-K | $23.00 $27.94 | ▲ +21.48% | ▲ +16.64% | $24.96 (+8.52%) |
May 8, 2026 24w ago | 6-K | $23.00 $27.94 | ▲ +21.48% | ▲ +16.64% | $24.96 (+8.52%) |
May 4, 2026 25w ago | 424B5 | $22.35 $25.89 | ▲ +15.84% | ▲ +13.98% | $24.96 (+11.68%) |
US Market Status
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