BBVA $750 million subordinated notes offering
We advised BBVA on its offering of Tier 2 subordinated fixed-to-fixed-rate notes
Davis Polk advised Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) on its SEC-registered offering of $750 million aggregate principal amount of Tier 2 subordinated callable fixed-to-fixed-rate notes due 2034. The notes will be listed on the New York Stock Exchange.
The BBVA Group is a diversified global financial services group, with strengths in the traditional banking businesses of retail banking, asset management and wholesale banking. The BBVA Group operates in Spain, Mexico, Turkey and over 25 other countries, mainly in Europe, South America, the United States and Asia.
The Davis Polk corporate team included partner Michael J. Willisch, counsel Ester del Valle Izquierdo and associate Michael McGuire. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided tax advice. Associate Caroline R. Zhang provided ‘40 Act advice. Members of the Davis Polk team are based in the Madrid, London and New York offices.