BBVA launches a green label senior preferred debt issue in Swiss francs

MADRID, 14 Nov.

BBVA launches a green label senior preferred debt issue in Swiss francs

MADRID, 14 Nov. (EUROPA PRESS) -

BBVA today launched an issue of senior preferred debt with a green label, in Swiss francs and divided into two tranches with maturities of three and six years, as reported by financial sources to Europa Press.

The first tranche, scheduled to mature in November 2025, has a starting price of Saron MS --the benchmark rate for the Swiss market-- plus 110/115 basis points. The second tranche, scheduled to mature in November 2028, has an initial price of Saron MS plus 125/130 basis points.

The bank appointed to act as underwriter of the issue is UBS. It is an operation that has a green label and whose funds will be used to finance or refinance "green" projects.

In addition, the issue would be aimed at anticipating next year's financing needs, taking advantage of current market conditions.

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