Banco Bilbao Vizcaya Argentaria, S.A. has announced the pricing of three new senior non-preferred notes totaling $2.05 billion. This issuance is significant as it aims to strengthen the bank's capital structure amid evolving market conditions. The move signals confidence in the institution's stability and growth potential, especially in a competitive commercial banking landscape.

Banco Bilbao Vizcaya Argentaria, S.A., commonly referred to as BBVA, operates in the commercial banking sector, classified under the SIC code 6029, which stands for Commercial Banks, NEC. The bank is publicly traded on the New York Stock Exchange under the ticker symbol BBVA and also has a presence on the OTC market with the ticker BBVXF. The company is categorized as a large accelerated filer and has been active in the capital markets, as evidenced by its recent filings.

The latest filing, dated November 4, 2026, provides details on the new notes. It outlines the issuance of $750 million in 5.609% fixed-rate notes due in 2029, $1 billion in 6.213% fixed-rate notes due in 2036, and $300 million in floating-rate notes due in 2029. The fixed-rate notes will bear interest semi-annually, while the floating-rate notes will be linked to the Compounded SOFR.

"This Free Writing Prospectus relates only to the 2029 Fixed Rate Notes, the 2036 Fixed Rate Notes, and the 2029 Floating Rate Notes described below..."

These new securities are expected to attract a variety of investors, including institutional buyers looking for stable returns. The issuance is particularly relevant for stakeholders, including current shareholders and potential investors, as it reflects the bank's strategy to manage its capital effectively in a fluctuating economic environment.

Looking ahead, the bank has scheduled the issue date for November 13, 2026. This date will mark the settlement for the new notes, allowing BBVA to utilize the proceeds for various strategic initiatives. Additionally, the bank's expected listing of these securities on the New York Stock Exchange will provide further visibility and liquidity for investors.

As the commercial banking sector continues to adapt to changing market dynamics, BBVA's proactive approach in securing capital through these new notes may set a precedent for other institutions in the industry. The filing does not specify any immediate next steps beyond the scheduled issue date.