BBVA brings pioneering green AT1

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BBVA brings pioneering green AT1

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MADRID, SPAIN - MARCH 17, 2016: Detail of BBVA office in Madrid, Spain. BBVA is a multinational Spanish banking group founded at 1999. | Goran Bogicevic/Boggy - stock.adobe.com

BBVA became the first financial institution to issue green debt in additional tier one (AT1) format on Tuesday, launching a bond with a 6% coupon. The Spanish lender left no premium on the table, according to some market participants.

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