BBVA keeps optionality with unmodified Dutch auction on €2.9bn of tier two
BBVA is offering investors the chance to get out of up to €2.9bn equivalent of outstanding euro, sterling and Japanese yen subordinated debt in a buyback using an unmodified Dutch auction, having simultaneously announced it will consider upcoming calls on an economic and regulatory basis.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts