Business Context and Reporting Period
This Form 6-K filing by Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) was submitted on August 13, 2025. The report discloses "Other Relevant Information" regarding the company's debt obligations and does not cover a standard financial reporting period (e.g., quarterly or annual results).
Key Financial Metrics
The filing focuses exclusively on a specific debt instrument and does not provide general financial performance metrics such as revenue, profit, cash flow, margins, or overall liquidity.
- Debt Instrument: $1,000,000,000 5.862% Senior Non-Preferred Fixed-to-Fixed Rate Notes due 2026 (ISIN US05946KAK79).
- Redemption Price: $1,029,130,000 (100% of principal plus accrued interest).
- Payment Date: September 15, 2025 (adjusted from September 14, 2025, as the latter is not a Business Day).
Material Changes
BBVA has announced an irrevocable decision to redeem the entirety of the aforementioned Notes. This action follows the receipt of prior consent from the Single Resolution Board. The redemption coincides with the Reset Date of the Notes.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of general risks. The primary contingency noted is the adjustment of the payment date to the next succeeding Business Day (September 15, 2025) due to the original Redemption Date falling on a non-Business Day. No interest will accrue on the payable amount after the Redemption Date.
Investor Verification Checklist
- Confirm the total redemption amount of $1,029,130,000 includes accrued interest up to, but excluding, September 14, 2025.
- Verify the payment execution date is September 15, 2025, via The Bank of New York Mellon (London Branch) or DTC procedures.
- Note that the Single Resolution Board consent was obtained prior to this announcement.
- Recognize that this filing does not contain updated financial statements or operational results for the period.