BBVA: issues seven-year senior preferred green bond

BBVA issued a seven-year senior preferred green bond (senior bank debt whose proceeds go to environmental projects) as part of its 2026 funding plan. It is the bank's second green bond of 2026 and the Group's seventh debt issuance of 2026.

Key details

• In January, BBVA placed €2 billion in a dual-tranche (two-part) senior non-preferred issuance (bank debt that ranks below ordinary senior debt if the bank fails), which the bank calls its largest euro-denominated issuance in the last 20 years.
• In February, BBVA placed $2.5 billion in another senior non-preferred debt issuance, which the bank calls the largest in its history in that currency.
• In April, BBVA placed $2.25 billion in a dual-tranche issuance: $1.25 billion of senior non-preferred debt and $1 billion of AT1 (Additional Tier 1, a type of bank capital instrument).
• In June, BBVA placed €1.25 billion in a senior non-preferred green bond and €2.25 billion in a dual-tranche covered bond issuance (debt backed by a pool of assets such as mortgages), its first covered bond issuance since 2023.
• In August, BBVA placed $2.3 billion in a three-tranche issuance.

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