A bond is a debt instrument used by companies as a source of financing. Depending on the issuer’s credit quality, a bond can be classified as investment grade or high yield. But what are their main differences?
08 May 2019
BBVA recently held the ninth edition of its ‘BBVA Latin America Conference’ in New York. The annual event gathered private and public debt issuers from Latin America and investors from North America to explore new joint business opportunities in the region. The political and economic situation as well as the impact of the elections, especially in Mexico and Argentina, were two of the main topics covered during the conference.
01 Apr 2019
Global Chief Marketing Officer
28 Mar 2019
Bonds are credit instruments used by companies in need of financing. The company in question issues this debt product in order to obtain liquidity from the financial markets. But how does a bond issue take place? What steps must be followed from the moment the company decides to issue a bond until their subsequent placement and sale on the market?
20 Mar 2019
On Wednesday, BBVA CEO Onur Genç underscored BBVA’s commitment to continue advancing in the Group’s transformation process. Speaking to a group of international investors, he also emphasized BBVA’s strengths —both globally and by business area— in markets like Mexico and Turkey.
13 Mar 2019
The telecommunications industry will be the protagonist of the next wave of green bond issues in Europe. The green bond market took its first steps in 2007 and since then has bloomed into a full-blown financing alternative. “The green bond issue opportunity may not be as evident for telcos as it was for the utilities that led the first wave of green corporate issues, but it makes all the sense in the world,” says Regina Gil, Head of Debt Capital Markets Europe and Asia at BBVA, in an interview with Expansión.
13 Feb 2019
BBVA has once again made history, completing Portugal’s first sustainable commercial paper program with one of its strategic clients in the country, The Navigator. BBVA was the agent bank and bookrunner for the €65 million operation, advising the client throughout the entire process, and the sole source of financing for the operation.
04 Feb 2019
In 2018, there was declining activity in the bond business due to an increase in market volatility. In Europe, the total volume of issued bonds totalled €1.47 trillion, approximately 10% less than in 2017. Furthermore, 2018 witnessed the consolidation of trends like green bonds – which have been on the market for more than ten years now – and the emergence of products related to new technologies.
18 Jan 2019
Orlando Guntiñas Rubio
BBVA’s Global Transaction Banking, Strategy and Business Development department
The Global Economic Forum, which starts January 22nd in Davos, Switzerland, will unite the world’s political and economic elite. Yet the U.S. President, French President and British Prime Minister will not be in attendance. The organizers say this event is taking place at a crucial moment of transformative change.
17 Jan 2019
International trade plays an essential role in our everyday lives: in both developed countries and emerging markets, a large part of the products and services result — either partially or totally — from commercial dealings with other countries.
26 Dec 2018
Going public is an option that many businesses start considering after reaching a certain stage in their development, whether to access funding from capital markets and drive their growth strategy, or to offer the opportunity to its private shareholders to obtain liquidity, crystalize the value of their shares and diversify their asset portfolio. But, what factors determine the success of an IPO?
12 Dec 2018
BBVA Asset Management (BBVA AM) believes that the stock market may be the most profitable asset for the coming year as a whole, but within a volatile market environment. This has been pointed out by Joaquín García Huerga, director of Global Strategy of BBVA Asset Management, in the presentation of the market outlook for 2019. If the economic cycle is not turned around, the stock markets could rise by an average of 10% by adding dividends.
07 Nov 2018
15 Oct 2018
BBVA Trader, a platform developed by BBVA entirely conceived for and devoted to trading, allows users to invest in different instruments, including warrants, one of the most popular. Warrants are publicly traded derivatives that leverage an investment on an underlying asset. BBVA Trader allows applying different investment strategies based on its users’ goals, be it just investing, obtaining liquidity, securing capital or hedging risks.
09 Oct 2018
Nowadays, more and more companies are committed to policies that encourage diversity in their work environments. In a panel at an ICMA Women’s Network event, held in Madrid, a group of women in leadership positions in various sectors of the industry debated issues such as unconscious biases in the workplace and the challenges they have had to face throughout their professional lives.
11 Sep 2018
From its early days, the fate of Wall Street has been marked by the ups and downs of North American history. It has seen a fair share of upheaval, such as the devastating market crash of October 29, 1929, which led to the Great Depression, or the collapse of Lehman Brothers, ten years ago. But, what are the origins of this financial center? And how did it grow to become the powerhouse that it is today?
24 Aug 2018
The BBVA Trader platform makes various tools and specialized content available to those customers who want to learn about the world of trading in more detail. Using leverage to trade stocks is a type of transaction that is supported by the BBVA Trader platform, which also provides the relevant must-know information for anyone embarking on this approach to trading.
21 Aug 2018
Merger and Acquisition activity (M&A) has taken on significant relevance in the current economic and financial climate in Spain. In other markets, like in the United States, where there are numerous financial entities that give their customers guidance on such matters, the role of the financial advisor already forms part of the business ecosystem.
16 Aug 2018
2018 has been a year of consolidation for green, social, and sustainable bonds as sources of financing in capital markets, as their solid growth demonstrates. So far, the global market for these sustainable financial instruments has reached the equivalent of €71 million euros, according to Dealogic. In Spain alone, the volume of green bonds issued in 2018 has already exceeded the amount issued in 2017.
10 Aug 2018
BBVA has requested arbitration procedures through the complementary mechanism of the ICSID – the International Center for Settlement of Investment Disputes – within the framework of the Reciprocal Investment Promotion and Protection Agreements between Spain and Bolivia with respect to the transfer of BBVA Previsión AFP (Pension Fund Administrator) to the Government of Bolivia.
Exchange Traded Products (ETPs) replicate the movement of a financial asset or basket of financial assets such as indexes, commodities or currencies. An ETP is an “investment vehicle” that combines the advantages of shares, in that they are traded in the continuous markets of exchanges with an investment in a group of financial assets. This characteristic has made ETPs a very popular alternative investment.
03 Aug 2018
25 Jun 2018
The trade media Structured Retail Products (SRP) has recognized BBVA in six of eight categories for which the bank was nominated. In its 2018 awards publication, the organization underscores BBVA’s capabilities as a global structured products house for foreign exchange and interest rates. BBVA was singled out in the distributor category, winning best distributor performance in Peru and Mexico, best distributor in Peru, and was one of the finalists for best distributor in Mexico.
31 May 2018
To celebrate the 50th anniversary of the International Capital Market Association (ICMA), BBVA took part in a conference on capital markets. What will they be like in the future? According to José Manuel González-Páramo, they will be “digital and sustainable”. Digital on the strength of innovation by technologies such as blockchain, automated advice and trading algorithms; and sustainable because they will help attract “green” finance.
23 May 2018
Today technology is taking giant steps forward and has become a fundamental part of our daily lives. Non-stop and increasingly powerful innovations provide us a huge array of new opportunities that are only a click away. One example is artificial intelligence, a domain that has extended into the financial field, becoming an agent of change, capable of revolutionizing a large part of the world’s financial markets.
15 Mar 2018
Getting into certain professional fields can be a difficult task. There are no exact formulas or specific studies that open the door to certain jobs. A clear example of this is financial product trader. This is an attractive career for many because of the chance it offers – not always feasible – of earning a lot of money in a short period of time. But this entails big unknowns, among which is the key question: How do I become a good trader?
A private company goes public when it lists its stock for the very first time in a stock exchange, where it can be bought and sold by the general public. This type of transaction is known as an Initial Public Offering, or IPO.
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
Over the past three years, the asset allocation team of BBVA Asset Management has overhauled its investment process to bring as much objectivity as possible to decision-making when building a portfolio. Based on the principles of behavioral economics, the new process aims to determine how the power of the mind affects financial decisions.
31 Jan 2018
26 Jan 2018
As had been expected, following its monthly meeting the European Central Bank left interest rates unchanged. At the same time, ECB President Mario Draghi introduced the exchange rate as an element of uncertainty, stressing that he will monitor the fluctuations in the euro and their possible consequences. Likewise, he reiterated the possibility of broadening the bond purchase program, continuing his accommodative policy, which will be accompanied by interest rates at minimum levels for a long period of time.
25 Jan 2018
Economic activity in Latin America has been invigorated in recent months, in line with the recovery of confidence among families and businesses and a more favorable external context. In its Latin America Economic Outlook for first quarter 2018, BBVA Research forecasts that the region’s growth will increase from 1.1% in 2017 to 1.7% in 2018 and 2.5% in 2019.
16 Jan 2018
BBVA Research maintains its forecasts for Spain’s GDP growth in 2017 and 2018 at 3.1% and 2.5%, respectively. In addition, it expects that the economic recovery will continue in 2019 (with a 2.3% increase in GDP) and that the improvement in the economy will translate into wage growth. BBVA Research’s latest Spain Economic Outlook was presented today by Jorge Sicilia, Chief Economist of the BBVA Group and Director of BBVA Research; Rafael Doménech, Head of Macroeconomic Analysis at BBVA Research; and Miguel Cardoso, Chief Economist for Spain and Portugal. If these forecasts prove to be correct, Spain´s unemployment rate could drop to 13.4% by end of 2019, which would imply the creation of 860,000 jobs over the next two years.
04 Jan 2018
Ignacio Echevarría, BBVA’s Head of Wholesale Funding and Capital Management, explained in the El Catalejo (“The Spyglass”) the factors that, in his view, will determine the evolution of capital markets in 2018.
27 Dec 2017
In the last couple of years the Latin American currency trading, FX, market has been in turmoil; after the devaluation of major Latam currencies in 2016, trading volumes have decreased and many of the global banks that used to lead the FX market in the region have left, allowing strong regional players, including BBVA, to step in and increase their market share.
18 Dec 2017
Global Finance magazine has chosen BBVA as the best private bank in Latin America in its “World’s Best Private Banks 2018” awards. Among its attributes, the magazine said, are the Group’s “high technology credentials”.
12 Dec 2017
For Argentina, assuming the presidency of the G20 is a great challenge and commitment, but also a great opportunity. Indeed, after years during which the doors to international finance have remained closed to Argentina, the country is making significant strides to reclaim its spot as Latin America’s third-largest economy.
16 Nov 2017
The BBVA Group’s activity in the capital markets during 2017 has been nothing less than brilliant after having completed its latest issue of CoCo bonds in November. During 2018, BBVA hopes to refinance the maturities of issues that are not eligible under EU norms, with Senior Non-Preferred debt. You can find all the information in the latest fixed income presentation.
14 Nov 2017
BBVA has been widely recognized for its capabilities in structured products in Latin America. Specialized publications such as Structured Products, Structured Retail Products and mtn-i have confirmed BBVA’s regional leadership in this business area, presenting the bank with numerous awards.
07 Nov 2017
According to BBVA Research’s latest Spain Outlook report, 2017 will cap off Spain’s three-year run of GDP growth at rates above three percent. Recovery will continue in 2018, but at a slower pace, in an environment marked by rising uncertainties. The report was presented today by Jorge Sicilia, Chief Economist of BBVA Group and Head of BBVA Research, Rafael Doménech, Head of Macroeconomic Analysis of BBVA Research and Miguel Cardoso, Chief Economist Spain and Portugal. Considering this scenario, BBVA Research has downgraded its GDP growth forecasts for 2017 and 2018 to 3.1 and 2.5%, from 3.3% and 2.8% in July.
19 Oct 2017
BBVA Research has upgraded its Latin America 2017 growth forecast by 30 basic points, citing improvement in domestic demand in Mexico and Peru. The BBVA Group study service expects the region to grow 1.1% in 2017 and 1.6% in 2018.
Recently released data from BBVA Research show that remittances are expected to reach nearly $606 billion globally in 2017, a 3.6 percent increase over last year and about a $213 billion increase compared to ten years ago in 2007. The global dollar amount of remittances is expected to rise 3.7 percent next year, indicating that funds being sent worldwide have no signs of slowing down. So, how are people sending money overseas and across borders?
17 Oct 2017
The European Commission has published a legislative proposal to create a sort of European Securities and Exchange Commission – that is, a European agency that would centralize some of the stock exchange supervision competencies of the national authorities. Once it is approved, part of the activity that takes place on the European exchanges would come under control of the new European authority.
29 Sep 2017
After seven years of negotiations, the Canada-Europe Trade Agreement, CETA, has entered into force provisionally. Under this bilateral agreement, the most ambitious signed to date by Brussels, most custom duties levied on trade flows between both countries will be scrapped.
26 Sep 2017
Speaking this morning at the 22nd annual meeting organized by Bank of America Merrill Lynch in London, Chief Financial Officer Jaime Sáenz de Tejada explained some of the key aspects BBVA’s strategy to investors. “BBVA is well positioned for the new growth cycle”, thanks to a solid balance sheet and capital position, as a result of the company’s efforts in recent years, its geographic diversification and forward-looking transformation strategy.
08 Sep 2017
For months, European authorities have been mulling over a crucial issue for the health of the financial sector: reducing the stock of non-performing assets that have been piling up in banks’ balance sheets during the years of financial crisis. The creation of a bad European bank is one of the alternatives that are being considered to solve the problem.
29 Aug 2017
BBVA has participated in a public hearing in the European Parliament, organized by the Committee on Legal Affairs (JURI). The aim of the hearing was to allow stakeholders to share their insights into the directive’s insolvency proposal with the MEPs. BBVA was the only representative of the financial sector, a fact that attests to the bank’s relevance for EU institutions on these matters.