Close panel

Close panel

Close panel

Close panel

Bonds

22 Jun 2018

18 Jun 2018

13 Apr 2018

Bonds and loans are financing instruments used at one moment or other by companies during the course of their existence. These are two conceptually different credit products that are sometimes confused. It is important to differentiate between both means of financing and understand their characteristics in order to know their true essence.

26 Feb 2018

BBVA has teamed up with several global banks to become a member of the Standard Repackaging Documentation platform (SRD). This initiative is a response to investors’ demands for standardization of repackaging transactions. BBVA is the only Spanish bank involved.

02 Feb 2018

31 Jan 2018

10 Jan 2018

Today marks the second anniversary of death of David Bowie, a pop icon who needs no introduction. Hundreds of lines have been written about his life, career and concerts. But what many are not aware of is that Bowie was also a pioneer in the financial world: he was the first artist ever to issue a “celebrity bond.”

04 Jan 2018

17 Nov 2017

Positive market conditions and investor appetite have helped BBVA to get an excellent reception for its sixth issue of CoCos. The Group has issued a $1 billion bond, with the lowest coupon in dollars for an issuer from southern Europe (6.125%), and the longest maturity (perpetual, with a ‘call’ option starting in the tenth year). Registration of a prospectus with the U.S. Securities and Exchange Commission (SEC) has prompted a bigger participation from American, European and Asian investors.

20 Oct 2017

Video

texto foto

Watch Video

Video

Green finance, whether in bond or loan format, refers to any debt instrument intended to raise financing to fund green and sustainable projects, thus contributing to fight climate change and achieve sustainable growth objectives.

10 Oct 2017

The country risk premium is the return that investors demand from a country to buy its sovereign bonds in comparison with that demanded from other countries. It is calculated as the difference between the interest rate of a country’s bonds compared to bonds issued by a benchmark country, considered “riskless.”

06 Oct 2017

Credit ratings are estimates that gauge the ability of a company, public administration or financial product to meet their financial commitments. In many cases they are taken as key indicators in capital markets when making investment decisions.

In a context in which companies are increasingly aware of the importance of sustainability, green bonds have established themselves as a financing alternative. In 2016, more than $87 billion in green bonds were issued worldwide, more than double the $42 billion in 2015. According to estimates by Bloomberg New Energy Finance, in 2017 the volume of green bonds issued globally could reach $123 billion.

26 Sep 2017

01 Sep 2017

This week marks yet another milestone for BBVA in green financing in Europe. SSE, the largest producer of renewable energy in the UK, chose BBVA to act as green structuring bank and joint bookrunner on its inaugural EUR 600 million green bond. This is the biggest-ever green bond issued by a UK company, and the financing will be destined to the refinancing of onshore wind farms in SSE’s energy generation portfolio.

31 Jul 2017

21 Jul 2017

Mario Draghi did not surprise anyone yesterday. As expected, the European Central Bank (ECB) unanimously decided to leave interest rates unchanged. He also did not announce any immediate changes to the asset purchase program. However, he did offer some clues as to the direction the ECB will follow after the summer.  As BBVA Research notes in its ECB Watch report, the discussion on gradually tapering QE (Quantitative Easing, the ECB´s asset purchase program) will take place in the fall – most likely in September.

20 Jul 2017

Garanti Bank signed an agreement with the European Bank for Reconstruction and Development (EBRD) for 5-year term funding in the amount of Euro 75 million equivalent under the Covered Bond Programme. Thanks to this financing, the first transaction settled with EBRD in TL and covered bond format, Garanti aims to boost the expansion of Green Mortgage loans and to protect the future generations with environmentally-friendly buildings.

06 Jul 2017

This week marks the 10th anniversary of the first green bond, in which BBVA participated. The bonds were issued by the European Investment Bank. Since then, a wide range of financial and non-financial corporate issuers have turned to the markets to issue this type of debt securities, accelerating growth of the market to its current volume of $210 billion. This year, important changes have been made that could increase green issues to $120 billion.

16 Jun 2017

The BBVA Group released today a new presentation for fixed income analysts and investors. The presentation will be updated on a quarterly basis.  The document offers detailed information about BBVA Group’s fundamentals and strategy in a number of fields of relevance for the market, with a special focus on credit quality, as well as the BBVA Group’s liquidity and capital adequacy position.

10 Mar 2017

01 Mar 2017

In a year marked by the reactivation of the high-yield bond market, and growing investor interest on ultra-long issue maturities, and despite a string of global macroeconomic developments that had a severe impact on the fixed income market, BBVA performed remarkably well in the bond origination market, even managing to surpass the total volume it placed in the market in 2015.

09 Jan 2017

15 Nov 2016