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        <title>Fixed income market - NEWS BBVA</title>
        <atom:link href="https://www.bbva.com/en/economy-and-finance/finance/financial-markets/fixed-income-market/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 accompanies Ecopetrol in its $1.85 billion debt issue</title>
                    <link>https://www.bbva.com/en/co/bbva-accompanies-ecopetrol-in-its-e1-85-billion-debt-issue/</link>
                    <pubDate>Wed, 10 Jan 2024 14:00:36 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Patricia Casas]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Bonds]]>
                            </category>
                                                    <category>
                                <![CDATA[Economy]]>
                            </category>
                                                    <category>
                                <![CDATA[Financial markets and monetary economics]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income market]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=1020388</guid>
                                            <description>
                            <![CDATA[BBVA, together with Bank of America Securities and Citigroup Capital Markets, led Ecopetrol’s new issuance of corporate debt in the U.S. market in the amount of $1.85 billion. This placement consolidates BBVA’s role as one of the top financial institutions in the structuring, placement and sale of corporate bonds.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA, together with Bank of America Securities and Citigroup Capital Markets, led Ecopetrol’s new issuance of corporate debt in the U.S. market in the amount of $1.85 billion. This placement consolidates BBVA’s role as one of the top financial institutions in the structuring, placement and sale of corporate bonds.]]>
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                                <item>
                    <title>BBVA issues a €1.25 billion senior non-preferred bond, with a twofold excess of demand</title>
                    <link>https://www.bbva.com/en/bbva-issues-its-first-senior-non-preferred-debt-of-the-year/</link>
                    <pubDate>Tue, 07 Jan 2020 10:32:17 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[miriam.gidron]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Debt issuance]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income market]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=718666</guid>
                                            <description>
                            <![CDATA[BBVA kicked off 2020 with a €1.25 billion non-preferred 7-year bond issue, the year’s first by a Spanish bank. The bond received a warm welcome from investors and was two-times oversubscribed, with demand exceeding €2.6 billion and drawing a high-quality order book. All this enabled BBVA to price the bond at 70 basis points over mid swap, compared to the initial guidance of 90 basis points.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA kicked off 2020 with a €1.25 billion non-preferred 7-year bond issue, the year’s first by a Spanish bank. The bond received a warm welcome from investors and was two-times oversubscribed, with demand exceeding €2.6 billion and drawing a high-quality order book. All this enabled BBVA to price the bond at 70 basis points over mid swap, compared to the initial guidance of 90 basis points.]]>
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                    <title>BBVA’s first green bond reduced carbon emissions by 275,000 tons in 2018</title>
                    <link>https://www.bbva.com/en/bbvas-first-green-bond-reduced-carbon-emissions-by-275000-tons-in-2018/</link>
                    <pubDate>Wed, 08 May 2019 07:24:37 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Fixed income market]]>
                            </category>
                                                    <category>
                                <![CDATA[Issuances]]>
                            </category>
                                                    <category>
                                <![CDATA[Responsible banking]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=638245</guid>
                                            <description>
                            <![CDATA[The green bond BBVA issued in May 2018 has helped reduce CO2 emissions by 274,609 tons since its launch in May 2018, with another 106,539 tons estimated for 2019. It also generated 558 GWh/year of renewable energy. The bank has allocated one billion euros obtained from wholesale markets to finance renewable energy and sustainable transportation projects, according to the <a href="https://shareholdersandinvestors.bbva.com/wp-content/uploads/2019/05/06052019GreenBondReport_Eng.pdf" target="_blank" rel="noopener">first bond monitoring report the BBVA Group recently published</a>.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[The green bond BBVA issued in May 2018 has helped reduce CO2 emissions by 274,609 tons since its launch in May 2018, with another 106,539 tons estimated for 2019. It also generated 558 GWh/year of renewable energy. The bank has allocated one billion euros obtained from wholesale markets to finance renewable energy and sustainable transportation projects, according to the <a href="https://shareholdersandinvestors.bbva.com/wp-content/uploads/2019/05/06052019GreenBondReport_Eng.pdf" target="_blank" rel="noopener">first bond monitoring report the BBVA Group recently published</a>.]]>
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                                <item>
                    <title>BBVA issues a €1 billion CoCo bond in a deal that is more than three times oversubscribed</title>
                    <link>https://www.bbva.com/en/bbva-issues-a-e1-billion-coco-bond-in-a-deal-that-is-more-than-three-times-oversubscribed/</link>
                    <pubDate>Tue, 19 Mar 2019 17:24:58 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Debt issuance]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income market]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=615957</guid>
                                            <description>
                            <![CDATA[BBVA has issued a €1 billion contingent convertible bond (CoCo), which saw a demand of more than  three times the initial offer and received more than 250 orders. The high demand for the issue made it possible to set the final coupon rate at 6 percent, 0.375 points below the initially indicated price (6.375 percent).]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA has issued a €1 billion contingent convertible bond (CoCo), which saw a demand of more than  three times the initial offer and received more than 250 orders. The high demand for the issue made it possible to set the final coupon rate at 6 percent, 0.375 points below the initially indicated price (6.375 percent).]]>
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                                <item>
                    <title>BBVA issues €750 million of subordinated tier-2 debt, oversubscribed by more than five times</title>
                    <link>https://www.bbva.com/en/bbva-issues-e750-million-of-subordinated-tier-2-debt-oversubscribed-by-more-than-five-times/</link>
                    <pubDate>Thu, 14 Feb 2019 16:19:49 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Debt issuance]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income market]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=607905</guid>
                                            <description>
                            <![CDATA[BBVA has issued a €750 million 10-year Tier-2 subordinated bond.  A high demand of €4.25 billion – with 260 orders – exceeded by more than five times the bond value, making it possible to reduce the mid swap price +245 basis points, 30 basis points below the initial price. The order book closed in only three hours. The issue achieved the lowest 'spread' of a subordinated issue for BBVA since 2007.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA has issued a €750 million 10-year Tier-2 subordinated bond.  A high demand of €4.25 billion – with 260 orders – exceeded by more than five times the bond value, making it possible to reduce the mid swap price +245 basis points, 30 basis points below the initial price. The order book closed in only three hours. The issue achieved the lowest 'spread' of a subordinated issue for BBVA since 2007.]]>
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                                <item>
                    <title>BBVA places €1 billion of CoCo bonds with 5.875% coupon</title>
                    <link>https://www.bbva.com/en/bbva-places-e1-billion-of-coco-bonds-with-5-875-coupon/</link>
                    <pubDate>Tue, 18 Sep 2018 14:43:46 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Banking]]>
                            </category>
                                                    <category>
                                <![CDATA[Debt issuance]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income market]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=577443</guid>
                                            <description>
                            <![CDATA[BBVA has issued a €1 billion contingent convertible bond, or <a href="https://www.bbva.com/en/additional-tier-1-securities-a-definition/" target="_blank" rel="noopener">CoCo</a>, (Additional Tier 1 or AT1) with a coupon of 5.875 percent, equaling its lowest-ever rate for this type of issue. High demand has allowed it to reduce the coupon by 50 basis points, from the initial 6.375 percent. This is a perpetual instrument (without a specific maturity date) over which the issuer reserves a call option in the fifth year.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA has issued a €1 billion contingent convertible bond, or <a href="https://www.bbva.com/en/additional-tier-1-securities-a-definition/" target="_blank" rel="noopener">CoCo</a>, (Additional Tier 1 or AT1) with a coupon of 5.875 percent, equaling its lowest-ever rate for this type of issue. High demand has allowed it to reduce the coupon by 50 basis points, from the initial 6.375 percent. This is a perpetual instrument (without a specific maturity date) over which the issuer reserves a call option in the fifth year.]]>
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                                <item>
                    <title>Moody’s upgrades BBVA’s rating to A3</title>
                    <link>https://www.bbva.com/en/moodys-upgrades-bbvas-rating-a3/</link>
                    <pubDate>Thu, 31 May 2018 11:52:46 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Banking]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income market]]>
                            </category>
                                                    <category>
                                <![CDATA[Ratings]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=504236</guid>
                                            <description>
                            <![CDATA[Following the recent rating upgrades from <a href="https://www.bbva.com/en/sp-upgrades-bbva/">S&amp;P</a> and <a href="https://www.bbva.com/en/dbrs-upgrades-bbvas-rating-high/">DBRS</a>, Moody’s today upgraded BBVA’s rating to A3, from Baa1. After this action, BBVA achieves again a category A rating with all agencies.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[Following the recent rating upgrades from <a href="https://www.bbva.com/en/sp-upgrades-bbva/">S&amp;P</a> and <a href="https://www.bbva.com/en/dbrs-upgrades-bbvas-rating-high/">DBRS</a>, Moody’s today upgraded BBVA’s rating to A3, from Baa1. After this action, BBVA achieves again a category A rating with all agencies.]]>
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                    <title>BBVA, in line with the MREL requirement</title>
                    <link>https://www.bbva.com/en/bbva-line-mrel-requirement/</link>
                    <pubDate>Wed, 23 May 2018 16:33:33 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Banking]]>
                            </category>
                                                    <category>
                                <![CDATA[Financial regulations]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income market]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=496306</guid>
                                            <description>
                            <![CDATA[BBVA considers that it is currently in compliance with the <a href="https://www.bbva.com/en/keys-understand-new-anti-crisis-buffer-european-banks/" target="_blank" rel="noopener">MREL</a> requirement, which today was notified by the Bank of Spain. BBVA also considers the possibility of refinancing the future maturities of senior debt and covered bonds (€6.5 billion through 2020) issuing MREL eligible liabilities. This issuance volume is very manageable.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA considers that it is currently in compliance with the <a href="https://www.bbva.com/en/keys-understand-new-anti-crisis-buffer-european-banks/" target="_blank" rel="noopener">MREL</a> requirement, which today was notified by the Bank of Spain. BBVA also considers the possibility of refinancing the future maturities of senior debt and covered bonds (€6.5 billion through 2020) issuing MREL eligible liabilities. This issuance volume is very manageable.]]>
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                                <item>
                    <title>S&P upgrades BBVA to A-</title>
                    <link>https://www.bbva.com/en/sp-upgrades-bbva/</link>
                    <pubDate>Fri, 06 Apr 2018 17:55:16 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Banking]]>
                            </category>
                                                    <category>
                                <![CDATA[Fixed income market]]>
                            </category>
                                                    <category>
                                <![CDATA[Ratings]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=456868</guid>
                                            <description>
                            <![CDATA[S&amp;P has upgraded BBVA’s long-term debt <a href="https://www.bbva.com/en/what-are-credit-ratings/">rating </a>to A- from BBB+, a level the institution had not achieved since early 2012. The agency underscored the strength of BBVA’s franchises in the countries in which it operates, aiming at strengthening profitability while pushing for digitalization.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[S&amp;P has upgraded BBVA’s long-term debt <a href="https://www.bbva.com/en/what-are-credit-ratings/">rating </a>to A- from BBB+, a level the institution had not achieved since early 2012. The agency underscored the strength of BBVA’s franchises in the countries in which it operates, aiming at strengthening profitability while pushing for digitalization.]]>
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