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Banco Bilbao Vizcaya Argentaria ( (ES:BBVA) ) has issued an update.
BBVA has announced its decision to redeem in full its $1 billion Series 9 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities on March 5, 2025. The redemption, which aligns with the first reset date of the securities, will see BBVA paying the redemption price of $203,250 per security, including any unpaid distributions. This move, following the European Central Bank’s consent, signifies BBVA’s strategic financial management and its implications for stakeholders as the distributions will cease post-redemption.
More about Banco Bilbao Vizcaya Argentaria
Banco Bilbao Vizcaya Argentaria (BBVA) is a prominent financial institution operating in the banking sector, offering a range of services including retail banking, asset management, and corporate banking. With a significant presence in various global markets, BBVA focuses on leveraging technology to enhance customer experience and operational efficiency.
YTD Price Performance: 12.77%
Average Trading Volume: 1,637,513
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €61.63B
Find detailed analytics on BBVA stock on TipRanks’ Stock Analysis page.
