Get notified when BBVA files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsRed Flags Detected
- Spanish Bail-in Power (new) — The notes can be written down or converted to equity by regulators without noteholder consent, a fundamental risk for investors.
- No Event of Default On Non-payment (new) — Failure to pay interest or principal does not trigger default rights, leaving noteholders with limited recourse.
- Issuer Substitution Risk (new) — The issuer can be replaced by another company without noteholder consent, shifting credit risk to an unknown entity.
BBVA prices $2.3B senior non-preferred notes offering across three series
Filed August 26, 2026 · ~1 min read
Key Changes
-
high
BBVA is offering $2.3 billion of senior non-preferred notes: $1B 4.977% fixed due 2029, $1B 5.244% fixed due 2031, and $300M floating due 2029.
The Offering verify on EDGAR → -
high
Net proceeds to BBVA are $2,293,042,468 after underwriting discounts and expenses, to be used for general corporate purposes.
Use of Proceeds verify on EDGAR → -
high
The notes are subject to Spanish bail-in powers, rank junior to senior preferred obligations, and do not provide default rights on non-payment.
Risk Factors verify on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
Want to see a complete report first? Today's free report (MU 10-K) is open in full — no account needed.
Partner
Trade BBVA commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Aug 31, 2026 · How we verify