Banco Bilbao Vizcaya Argentaria plans €1 billion of five-year mandatories for retail investors

By Rebecca Melvin

New York, Sept. 4 - Banco Bilbao Vizcaya Argentaria SA plans to price €1 billion of five-year mandatory convertibles, which will be aimed at retail investors, according to a release.

The company has submitted its prospectus to the Spanish National Securities Market Commission for review, and subscription and sale of the bonds will be carried out once it has been registered and authorized.

Banco Bilbao is a financial group based in Madrid.

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