Garanti was a top contender at the recent 2019 Turkey Bonds & Loans Awards, where it received 10 awards out of the 13 for which it was nominated. The Bonds & Loans Awards is one of the most prestigious award ceremonies in Turkey that celebrates achievements in structured finance and capital markets.
The BBVA Group is the only Spanish bank ranked in the Fortune 2019 annual ‘megabank’ list, which distinguishes it as one of the “World’s Most Admired” financial institutions. This is the fourth consecutive year the Group is included in this exclusive ranking.
Susana Valencia led the charge long before she earned the position of head banker in BBVA Compass’ Laredo market.
After placing €750 million of subordinated debt last Thursday, 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.
BBVA Group issued the first structured green bond using blockchain technology to negotiate the terms and conditions. It is a private placement in which MAPFRE invested €35 million six year term bond linked to the evolution of the five year euro swap rate. With this bond issue, the BBVA Group demonstrates that it has the means, knowledge, and commitment to provide its clients cutting-edge products based on the latest technologies and innovative sustainable solutions.
BBVA regrets the inconveniences caused by the freezing of some customer accounts in Spain, which was undertaken in compliance with Anti-Money Laundering laws. This legislation requires that banks assume obligations related to the knowledge, monitoring, and control of their customers and their banking activities with the aim of preventing money laundering in the financial system. BBVA has taken the necessary measures to streamline the documentation process and restore the affected accounts to normal activity, once the documentation required by law is in place.
We interview James Short BBVA Compass Director of Food Franchise Financing
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.
BBVA published its annual compensation report for Board members today, which details how compensation is tied to the bank’s results. The Board also approved a new compensation policy for Board Members for 2019-2021. Both documents will be presented at the Annual General Meeting on March 15, 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.