MADRID, 23 Ago. (EUROPA PRESS) -

BBVA has launched a ten-year subordinated debt issue in pounds, with the possibility of early repayment in five years, according to financial sources reported to Europa Press.

The issue will pay a coupon at a fixed rate. Part priced at UKT plus a range of 360 to 365 basis points.

It is intended for eligible counterparties and professional investors only. The banks in charge of its placement are BBVA itself, Lloyds, NatWest and Nomura.