<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" >
    <channel>
        <title>Fixed income - NEWS BBVA</title>
        <atom:link href="https://www.bbva.com/en/economy-and-finance/finance/financial-and-commercial-services/fixed-income/feed/" rel="self" type="application/rss+xml" />
        <link>https://www.bbva.com/en/</link>
        <description>NEWS BBVA</description>
        <lastBuildDate>Sat, 13 Dec 2025 13:31:47 +0100</lastBuildDate>
        <language>en-US</language>
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                                <item>
                    <title>BBVA issues a contingent convertible (CoCo) bond worth €750 million</title>
                    <link>https://www.bbva.com/en/economy-and-finance/bbva-issues-a-contingent-convertible-coco-bond-with-a-seven-year-redemption-option/</link>
                    <pubDate>Tue, 04 Jun 2024 08:49:59 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Miguel Rodríguez Canfranc]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Debt issuance]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income market]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?post_type=economyfinance&#038;p=1045339</guid>
                                            <description>
                            <![CDATA[BBVA tapped the market today with a euro-denominated contingent convertible (known as a CoCo or AT1) bond, attracting demand of €3.5 billion. The issue price was set at 6.875 percent, well below the 7.375 percent starting price.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA tapped the market today with a euro-denominated contingent convertible (known as a CoCo or AT1) bond, attracting demand of €3.5 billion. The issue price was set at 6.875 percent, well below the 7.375 percent starting price.]]>
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                                <item>
                    <title>BBVA places €1.75 billion of senior preferred debt, with the issue 2x oversubscribed</title>
                    <link>https://www.bbva.com/en/economy-and-finance/bbva-issues-senior-preferred-debt-in-euros-structured-in-two-tranches/</link>
                    <pubDate>Wed, 29 May 2024 09:34:36 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Miguel Rodríguez Canfranc]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Debt issuance]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?post_type=economyfinance&#038;p=1044400</guid>
                                            <description>
                            <![CDATA[BBVA tapped the market this Wednesday with a €1.75 billion senior preferred debt issue, structured in two tranches. Demand was double the final placement, with orders reaching €3.5 billion. The first tranche, with a three-year maturity (June 2027), closed at a rate of three-month Euribor +45 basis points (versus an initial price of three-month Euribor +70 to 75 basis points). The second tranche, with a six-year maturity (June 2030), closed at the mid-swap rate + 75 basis points, versus an initial price of mid-swap + 100 basis points.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA tapped the market this Wednesday with a €1.75 billion senior preferred debt issue, structured in two tranches. Demand was double the final placement, with orders reaching €3.5 billion. The first tranche, with a three-year maturity (June 2027), closed at a rate of three-month Euribor +45 basis points (versus an initial price of three-month Euribor +70 to 75 basis points). The second tranche, with a six-year maturity (June 2030), closed at the mid-swap rate + 75 basis points, versus an initial price of mid-swap + 100 basis points.]]>
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                                <item>
                    <title>Coco bonds: A definition</title>
                    <link>https://www.bbva.com/en/economy-and-finance/additional-tier-1-securities-a-definition/</link>
                    <pubDate>Thu, 04 Apr 2024 11:20:12 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Reyes Pariente]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Debt issuance]]>
                            </category>
                                                    <category>
                                <![CDATA[Economy]]>
                            </category>
                                                    <category>
                                <![CDATA[Financial and commercial services]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/en/?p=296841</guid>
                                            <description>
                            <![CDATA[The contingent convertible capital instruments (<em>CoCos</em>) also known as Additional Tier 1 bonds are  hybrid bonds that combines debt and equity elements. Its defining characteristic is that it may be converted into shares if the CET1 capital ratio drops below a specific level.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[The contingent convertible capital instruments (<em>CoCos</em>) also known as Additional Tier 1 bonds are  hybrid bonds that combines debt and equity elements. Its defining characteristic is that it may be converted into shares if the CET1 capital ratio drops below a specific level.]]>
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                                <item>
                    <title>BBVA's social bonds issued in 2020 have helped more than 15,100 businesses through ICO loans in Spain</title>
                    <link>https://www.bbva.com/en/sustainability/bbvas-social-bonds-issued-in-2020-have-helped-more-than-15100-businesses-through-ico-loans-in-spain/</link>
                    <pubDate>Fri, 02 Jul 2021 13:18:01 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Miguel Rodríguez Canfranc]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Bonds]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income]]>
                            </category>
                                                    <category>
                                <![CDATA[Social welfare]]>
                            </category>
                                                    <category>
                                <![CDATA[Sustainability]]>
                            </category>
                                                    <category>
                                <![CDATA[Sustainable Finance]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?post_type=sustainability&#038;p=851100</guid>
                                            <description>
                            <![CDATA[BBVA placed €1.04 billion through two social bonds in 2020, the funds of which were mainly used to help micro- and small companies through ICO-guaranteed loans, in the case of Spain. In total, 15,175 companies with a total of 207,628 employees have benefited. This is shown in the<a href="https://shareholdersandinvestors.bbva.com/wp-content/uploads/2021/07/20210702-BBVA-2020-Green-and-Social-Bond-Report.pdf" target="_blank" rel="noopener noreferrer"> 'BBVA 2020 green and social bond report'</a>. The report highlights that, since the 2018 publication of the framework for issuing bonds linked to the Sustainable Development Goals (SDGs), the emission of more than 2.3 million tons of CO2 into the atmosphere has been avoided, through the projects financed with BBVA's green bonds in 12 countries; a figure that is equivalent to the annual emissions of nearly 913,000 cars.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA placed €1.04 billion through two social bonds in 2020, the funds of which were mainly used to help micro- and small companies through ICO-guaranteed loans, in the case of Spain. In total, 15,175 companies with a total of 207,628 employees have benefited. This is shown in the<a href="https://shareholdersandinvestors.bbva.com/wp-content/uploads/2021/07/20210702-BBVA-2020-Green-and-Social-Bond-Report.pdf" target="_blank" rel="noopener noreferrer"> 'BBVA 2020 green and social bond report'</a>. The report highlights that, since the 2018 publication of the framework for issuing bonds linked to the Sustainable Development Goals (SDGs), the emission of more than 2.3 million tons of CO2 into the atmosphere has been avoided, through the projects financed with BBVA's green bonds in 12 countries; a figure that is equivalent to the annual emissions of nearly 913,000 cars.]]>
                        </content:encoded>
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                                <item>
                    <title>What does BBVA do to end poverty?</title>
                    <link>https://www.bbva.com/en/sustainability/what-does-bbva-do-to-end-poverty/</link>
                    <pubDate>Mon, 22 Apr 2019 00:44:12 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[jesus.delasheras]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[BBVA Sustainability Projects]]>
                            </category>
                                                    <category>
                                <![CDATA[Ethical Banking]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income]]>
                            </category>
                                                    <category>
                                <![CDATA[Responsible banking]]>
                            </category>
                                                    <category>
                                <![CDATA[SDG]]>
                            </category>
                                                    <category>
                                <![CDATA[Social Area]]>
                            </category>
                                                    <category>
                                <![CDATA[Sustainability]]>
                            </category>
                                                    <category>
                                <![CDATA[Sustainable Development Goals]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=634672</guid>
                                            <description>
                            <![CDATA[BBVA has a core purpose of bringing the age of opportunity to everyone. The first step toward fulfilling this purpose has to do with the bank’s contribution to attaining the first of the United Nations (UN) Sustainable Development Goals (SDGs): the end of poverty. The 17 SDGs are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. The UN has called on companies to unite their efforts and initiatives in this area, <a href="http://www.sdgfund.org/business-and-un" target="_blank" rel="noopener noreferrer">with a focus on public-private partnerships</a>.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA has a core purpose of bringing the age of opportunity to everyone. The first step toward fulfilling this purpose has to do with the bank’s contribution to attaining the first of the United Nations (UN) Sustainable Development Goals (SDGs): the end of poverty. The 17 SDGs are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. The UN has called on companies to unite their efforts and initiatives in this area, <a href="http://www.sdgfund.org/business-and-un" target="_blank" rel="noopener noreferrer">with a focus on public-private partnerships</a>.]]>
                        </content:encoded>
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                                <item>
                    <title>BBVA places second debt issue in six days: €1 billion in senior non-preferred debt</title>
                    <link>https://www.bbva.com/en/bbva-places-second-issue-of-debt-in-six-days-e1-billion-in-senior-non-preferred-debt/</link>
                    <pubDate>Wed, 20 Feb 2019 16:44:28 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Fixed income]]>
                            </category>
                                                    <category>
                                <![CDATA[Issuances]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=609301</guid>
                                            <description>
                            <![CDATA[After placing <a href="https://www.bbva.com/en/bbva-issues-e750-million-of-subordinated-tier-2-debt-oversubscribed-by-more-than-five-times/">€750 million of subordinated debt last Thursday</a>, BBVA has returned to wholesale markets with a €1 billion issue of senior non-preferred debt. Demand exceeded the initial offer by three and half times, making it possible to reduce the initial price (mid swap price +130 basis points) by 23 points.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[After placing <a href="https://www.bbva.com/en/bbva-issues-e750-million-of-subordinated-tier-2-debt-oversubscribed-by-more-than-five-times/">€750 million of subordinated debt last Thursday</a>, BBVA has returned to wholesale markets with a €1 billion issue of senior non-preferred debt. Demand exceeded the initial offer by three and half times, making it possible to reduce the initial price (mid swap price +130 basis points) by 23 points.]]>
                        </content:encoded>
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                                <item>
                    <title>Garanti Bank issues first social bond in Turkey for women entrepreneurs</title>
                    <link>https://www.bbva.com/en/garanti-bank-issues-first-social-bond-turkey-women-entrepreneurs/</link>
                    <pubDate>Sun, 17 Jun 2018 23:38:41 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Bonds]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income]]>
                            </category>
                                                    <category>
                                <![CDATA[Issuances]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=517039</guid>
                                            <description>
                            <![CDATA[BBVA Group unit Garanti Bank in conjunction with the World Bank’s International Finance Corporation (IFC) has issued a six-year social bond worth $75 million dollars to help finance women entrepreneurs in Turkey.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA Group unit Garanti Bank in conjunction with the World Bank’s International Finance Corporation (IFC) has issued a six-year social bond worth $75 million dollars to help finance women entrepreneurs in Turkey.]]>
                        </content:encoded>
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                                <item>
                    <title>Moody’s changes BBVA ratings outlook to positive</title>
                    <link>https://www.bbva.com/en/moodys-changes-bbva-ratings-outlook-positive/</link>
                    <pubDate>Tue, 17 Apr 2018 16:25:27 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Banking]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income]]>
                            </category>
                                                    <category>
                                <![CDATA[Ratings]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=464702</guid>
                                            <description>
                            <![CDATA[After the recent ratings upgrades announced by <a href="https://www.bbva.com/en/sp-upgrades-bbva/" target="_blank" rel="noopener">S&amp;P</a>, and <a href="https://www.bbva.com/en/dbrs-upgrades-bbvas-rating-high/" target="_blank" rel="noopener">DBRS</a>, rating agency Moody’s has changed the outlook on its long-term <a href="https://www.bbva.com/en/what-are-credit-ratings/" target="_blank" rel="noopener">rating</a> for BBVA (Baa1) to positive from stable. In its press release, Moody’s said it favorably views the bank’s capacity to issue bail-in-able debt in order to meet MREL requirements.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[After the recent ratings upgrades announced by <a href="https://www.bbva.com/en/sp-upgrades-bbva/" target="_blank" rel="noopener">S&amp;P</a>, and <a href="https://www.bbva.com/en/dbrs-upgrades-bbvas-rating-high/" target="_blank" rel="noopener">DBRS</a>, rating agency Moody’s has changed the outlook on its long-term <a href="https://www.bbva.com/en/what-are-credit-ratings/" target="_blank" rel="noopener">rating</a> for BBVA (Baa1) to positive from stable. In its press release, Moody’s said it favorably views the bank’s capacity to issue bail-in-able debt in order to meet MREL requirements.]]>
                        </content:encoded>
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                                <item>
                    <title>DBRS upgrades BBVA's rating to A (high)</title>
                    <link>https://www.bbva.com/en/dbrs-upgrades-bbvas-rating-high/</link>
                    <pubDate>Thu, 12 Apr 2018 17:02:29 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Banking]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income]]>
                            </category>
                                                    <category>
                                <![CDATA[Ratings]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=461286</guid>
                                            <description>
                            <![CDATA[Days after the announcement that <a href="https://www.bbva.com/en/sp-upgrades-bbva/" target="_blank" rel="noopener">S&amp;P had upgraded BBVA's rating</a>, DBRS has upgraded BBVA’s long-term <a href="https://www.bbva.com/en/what-are-credit-ratings/" target="_blank" rel="noopener">rating</a> to A (high) from A, one notch above the rating for Spain. In its report, the agency stressed BBVA's diversified international business model, which should continue to support a path of solid results.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[Days after the announcement that <a href="https://www.bbva.com/en/sp-upgrades-bbva/" target="_blank" rel="noopener">S&amp;P had upgraded BBVA's rating</a>, DBRS has upgraded BBVA’s long-term <a href="https://www.bbva.com/en/what-are-credit-ratings/" target="_blank" rel="noopener">rating</a> to A (high) from A, one notch above the rating for Spain. In its report, the agency stressed BBVA's diversified international business model, which should continue to support a path of solid results.]]>
                        </content:encoded>
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                                <item>
                    <title>BBVA places the lowest-priced issue of Senior Non Preferred Debt (SNP) by a Spanish issuer</title>
                    <link>https://www.bbva.com/en/bbva-places-lowest-priced-issue-senior-non-preferred-debt-snp-spanish-issuer/</link>
                    <pubDate>Tue, 27 Feb 2018 16:45:50 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Banking]]>
                            </category>
                                                    <category>
                                <![CDATA[Equities]]>
                            </category>
                                                    <category>
                                <![CDATA[Euro]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income]]>
                            </category>
                                                    <category>
                                <![CDATA[Issuances]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=426865</guid>
                                            <description>
                            <![CDATA[On Tuesday, BBVA entered the markets with a €1.5 billion issue of Senior Non-Preferred Debt (SNP) with a five-year term and a Floating Rate Note format. Thanks to strong investor demand, the issue closed with a coupon of three-month Euribor plus 52 basis points. The operation was the lowest-priced issue of senior non-preferred debt by a Spanish issuer.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[On Tuesday, BBVA entered the markets with a €1.5 billion issue of Senior Non-Preferred Debt (SNP) with a five-year term and a Floating Rate Note format. Thanks to strong investor demand, the issue closed with a coupon of three-month Euribor plus 52 basis points. The operation was the lowest-priced issue of senior non-preferred debt by a Spanish issuer.]]>
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