By Aleesia Forni
Virginia Beach, Oct. 13 – Banco Bilbao Vizcaya Argentaria, SA sold $1 billion of 3% senior notes (Baa1/BBB+/A-) on Tuesday at Treasuries plus 175 basis points, according to a market source and a FWP filed with the Securities and Exchange Commission.
Pricing was at 99.558 to yield 3.096%.
The notes were guided in the area of Treasuries plus 180 bps after being initially talked in the range of Treasuries plus 180 bps to 185 bps.
Bookrunners were BBVA, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC.
Proceeds will be used for general corporate purposes.
The bank and finance company is based in Bilbao, Spain.
| Issuer: | Banco Bilbao Vizcaya Argentaria, SA
|
| Amount: | $1 billion
|
| Description: | Senior notes
|
| Maturity: | Oct. 20, 2020
|
| Bookrunners: | BBVA, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC
|
| Coupon: | 3%
|
| Price: | 99.558
|
| Yield: | 3.096%
|
| Spread: | Treasuries plus 175 bps
|
| Make-whole call: | Treasuries plus 30 bps
|
| Trade date: | Oct. 13
|
| Settlement date: | Oct. 20
|
| Ratings: | Moody’s: Baa1
|
| Standard & Poor’s: BBB+
|
| Fitch: A-
|
| Distribution: | SEC registered
|
| Price guidance: | Treasuries plus 180 bps area, tightened from Treasuries plus 180 bps to 185 bps
|
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