11:46 PM EST, 11/10/2026 (MT Newswires) -- Banco Bilbao Vizcaya Argentaria (BBVA.MC) will issue 1 billion euros of preferred securities contingently convertible into newly issued ordinary shares of the lender. The securities will have an annual distribution rate of 6.500% until May 18, 2034, after which it will reset based on a margin of 333.4 basis points on the five-year mid-swap rate, according to a Tuesday release. The Spanish lender plans to list the securities on Euronext Dublin's Global Exchange Market.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.