ESSignificantSSM supervised

BBVA

BANCO BILBAO VIZCAYA ARGENTARIA SOCIEDAD ANONIMA

K8MS7FD7N5Z2WQ51AZ71Resolution authority: Single Resolution Board

CET1 ratio

13.34%

Source: eba_teUpdated 2025-06

Total capital ratio

17.72%

Source: eba_teUpdated 2025-06

Leverage ratio

6.93%

Source: eba_teUpdated 2025-06

MREL requirement

Not disclosedSource: SRB

MREL resources

Not disclosedSource: Pillar 3

Internal MREL

Not disclosedSource: SRB

Capital-stack instruments

Source: ESMA FIRDSUpdated 2026-07-19

ISIN	Instrument	Seniority	Coupon	Maturity▴	Amount
XS3145651421	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $60,000,000 due 03rd August 2026	SP	0%	2026-08-03	USD 60m
XS3225855512	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $50,000,000 due 04th August 2026	SP	0%	2026-08-04	USD 50m
XS3166347966	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $100,000,000 due 19th August 2026	SP	0%	2026-08-19	USD 500m
CH0522690707	BBVA 0.125 08/27/26 MTN	SP	0.125%	2026-08-27	CHF 160m
XS3244701317	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $325,000,000 due 28th August 2026	SP	0%	2026-08-28	USD 325m
XS3311153632	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €20,000,000 due 4th September 2026	SP	0%	2026-09-04	EUR 20m
XS3183164733	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $55,000,000 due 11th September 2026	SP	0%	2026-09-11	USD 55m
US05946KAK79	BBVA 5.862 14/09/26	SP	5.862%	2026-09-14	USD 1,000m
XS3261209368	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €50,000,000 due 23rd September 2026	SP	0%	2026-09-23	EUR 62m
XS3343290972	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €50,000,000 due 09th October 2026	SP	0%	2026-10-09	EUR 50m
ES0214840300	OS CAIXA D'ESTALVIS DE CATALUNYA VBLE 10/2026	SP	Not disclosed	2026-10-13	EUR 15m
XS3351033439	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €50,000,000 due 16th October 2026	SP	0%	2026-10-16	EUR 50m
XS3224488729	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $110,000,000 due 30th October 2026	SP	0%	2026-10-30	USD 110m
XS3225310872	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $55,000,000 due 02nd November 2026	SP	0%	2026-11-02	USD 55m
XS3226607821	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $50,000,000 due 04th November 2026	SP	0%	2026-11-04	USD 50m
XS3357252710	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €50,000,000 due 05th November 2026	SP	0%	2026-11-05	EUR 50m
XS3233872731	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €130,000,000 due 13th November 2026	SP	0%	2026-11-13	EUR 130m
XS3234006446	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $60,000,000 due 13th November 2026	SP	0%	2026-11-13	USD 60m
XS2079713322	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,000,000,000 0.375 per cent. Senior Preferred Notes due November 2026	SP	0.375%	2026-11-15	EUR 1,000m
XS3235931329	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €90,000,000 due 16th November 2026	SP	0%	2026-11-16	EUR 109m
XS3382701947	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €60,000,000 due 16th November 2026	SP	0%	2026-11-16	EUR 141m
XS3237157428	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €545,000,000 due 17th November 2026	SP	0%	2026-11-17	EUR 545m
XS3237644680	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $105,000,000 due 17th November 2026	SP	0%	2026-11-17	USD 105m
XS3239039566	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $41,000,000 due 19th November 2026	SP	0%	2026-11-19	USD 41m
XS3239112231	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €200,000,000 due 19th November 2026	SP	0%	2026-11-19	EUR 200m
XS3239167995	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €75,000,000 due 19th November 2026	SP	0%	2026-11-19	EUR 75m
XS3239940482	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €225,000,000 due 20th November 2026	SP	0%	2026-11-20	EUR 225m
ES0413211915	BBVASM0 7/8 11/22/26	COV	0.875%	2026-11-22	EUR 1,000m
XS3242508672	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $300,000,000 due 24th November 2026	SP	0%	2026-11-24	USD 300m
XS3243138347	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €120,000,000 due 24th November 2026	SP	0%	2026-11-24	EUR 120m
XS3244650068	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $200,000,000 due 25th November 2026	SP	0%	2026-11-25	USD 200m
XS3247632956	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $40,000,000 due 02nd December 2026	SP	0%	2026-12-02	USD 40m
XS3248322896	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $75,000,000 due 03rd December 2026	SP	0%	2026-12-03	USD 75m
XS3388165709	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €100,000,000 due 18th December 2026	SP	0%	2026-12-18	EUR 100m
XS3261160256	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €100,000,000 due 22nd December 2026	SP	0%	2026-12-22	EUR 100m
XS3261897584	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €30,000,000 due 23rd December 2026	SP	0%	2026-12-23	EUR 30m
XS3266517450	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €265,000,000 due 30th December 2026	SP	0%	2026-12-30	EUR 265m
XS3272087308	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $55,000,000 due 4th January 2027	SP	0%	2027-01-04	USD 55m
XS3267901505	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $100,000,000 due 05th January 2027	SP	0%	2027-01-05	USD 100m
XS3268040618	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €60,000,000 due 5th January 2027	SP	0%	2027-01-05	EUR 60m
XS3269529403	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $15,000,000 due 6th January 2027	SP	0%	2027-01-06	USD 15m
XS3269529668	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €525,000,000 due 6th January 2027	SP	0%	2027-01-06	EUR 525m
XS3269529825	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €50,000,000 due 8th January 2027	SP	0%	2027-01-08	EUR 50m
XS3272212567	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $300,000,000 due 8th January 2027	SP	0%	2027-01-08	USD 300m
XS3273801178	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $25,000,000 due 12th January 2027	SP	0%	2027-01-12	USD 25m
XS2101349723	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,250,000,000 0.500 per cent. Senior Non-Preferred Notes due January 2027	SNP	0.5%	2027-01-14	EUR 1,250m
XS3277070515	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €25,000,000 due 14th January 2027	SP	0%	2027-01-14	EUR 25m
XS3289737408	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €235,000,000 due 1st February 2027	SP	0%	2027-02-01	EUR 235m
XS3289856240	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $410,000,000 due 01st February 2027	SP	0%	2027-02-01	USD 410m
ES0413211A59	CH BANCO BILBAO VIZCAYA ARGENTARIA S.A. VBLE 02/2027	COV	Not disclosed	2027-02-02	EUR 1,500m
XS3289859699	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of $100,000,000 due 02nd February 2027	SP	0%	2027-02-02	USD 300m
XS1562614831	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,000,000,000 per cent. Tier 2 Subordinated Notes due 10 February 2027	T2	3.5%	2027-02-10	EUR 1,000m
XS3396014535	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €45,000,000 due 26th February 2027	SP	0%	2027-02-26	EUR 45m
XS3311140738	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €106,000,000 due 03rd March 2027	SP	0%	2027-03-03	EUR 106m
XS3311911674	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €245,000,000 due 4th March 2027	SP	0%	2027-03-04	EUR 245m
XS3316250276	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €135,000,000 due 08th March 2027	SP	0%	2027-03-08	EUR 135m
XS3317574542	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €25,000,000 due 09th March 2027	SP	0%	2027-03-09	EUR 25m
XS1579039006	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 53,400,000 Fixed to Floating Tier 2 Subordinated Notes due 16 March 2027	T2	0%	2027-03-16	EUR 53m
ES0413211A67	CT BANCO BILBAO VIZCAYA ARGENTARIA S.A. VBLE 03/2027	COV	Not disclosed	2027-03-22	EUR 540m
XS2322289385	BBVA 0.125 24/03/27	SP	0.125%	2027-03-24	EUR 1,000m
XS3346254439	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €100,000,000 due 12th April 2027	SP	0%	2027-04-12	EUR 232m
XS3349856446	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €135,000,000 due 14th April 2027	SP	0%	2027-04-14	EUR 670m
XS3382672403	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €25,000,000 due 14th April 2027	SP	0%	2027-04-14	EUR 25m
XS3351071876	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €20,000,000 due 15th April 2027	SP	0%	2027-04-15	EUR 120m
XS3357252397	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €100,000,000 due 21st April 2027	SP	0%	2027-04-21	EUR 100m
XS3358347048	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €128,000,000 due 22nd April 2027	SP	0%	2027-04-22	EUR 128m
XS3363361638	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €80,000,000 due 26th April 2027	SP	0%	2027-04-26	EUR 80m
XS3372778707	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €75,000,000 due 6th May 2027	SP	0%	2027-05-06	EUR 175m
XS3382726183	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €100,000,000 due 13th May 2027	SP	0%	2027-05-13	EUR 100m
XS3386596368	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €25,000,000 due 17th May 2027	SP	0%	2027-05-17	EUR 25m
XS3388165535	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €50,000,000 due 19th May 2027	SP	0%	2027-05-19	EUR 155m
XS1615673701	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of CHF 20,000,000 1.600 per cent. Tier 2 Subordinated Notes due 24 May 2027	T2	1.6%	2027-05-24	CHF 20m
XS1615674261	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 150,000,000 2.541 per cent. Tier 2 Subordinated Notes due 24 May 2027	T2	2.541%	2027-05-24	EUR 150m
XS3398399058	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issuer Legal Entity Identifier (LEI): K8MS7FD7N5Z2WQ51AZ71 Issue of €85,000,000 due 31st May 2027	SP	0%	2027-05-31	EUR 85m
XS3404486428	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €80,000,000 due 4th June 2027	SP	0%	2027-06-04	EUR 80m
XS2835902839	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,000,000,000 Senior Preferred Notes due June 2027	SP	Not disclosed	2027-06-07	EUR 1,000m
XS3406790595	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €145,000,000 due 8th June 2027	SP	0%	2027-06-08	EUR 145m
XS3410797560	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of €66,500,000 due 10th June 2027	SP	0%	2027-06-10	EUR 67m
ES0413211A75	Banco Bilbao Vizcaya Argent. EO-Cédulas Hip. 2023(27)	COV	3.125%	2027-07-17	EUR 1,500m
XS2534785865	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. EUR 1,250,000,000 3.375 per cent. Senior Preferred Notes due September 2027	SP	3.375%	2027-09-20	EUR 1,250m
ES0413211923	CH BANCO BILBAO VIZCAYA ARGENTARIA S.A. VBLE 01/2028	COV	Not disclosed	2028-01-15	EUR 3,000m
ES0413211A83	CI BANCO BILBAO VIZCAYA ARGENTARIA S.A. VBLE 03/2028	COV	Not disclosed	2028-03-06	EUR 1,500m
XS1712061032	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 140,000,000 1.72 per cent. Senior Non-Preferred Notes due 10 May 2028	SNP	1.72%	2028-05-10	EUR 140m
US05946KAL52	BBVA 6.138 09/14/28 '27 FRN	SP	6.138%	2028-09-14	USD 750m
CH1228837907	BBVA 2.770 11/28/28 MTN	SP	2.77%	2028-11-28	CHF 210m
XS2430998893	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,000,000,000 Senior Non-Preferred Notes due January 2029	SNP	0.875%	2029-01-14	EUR 1,000m
XS3268962845	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 750,000,000 Senior Non-Preferred Notes due January 2029	SNP	Not disclosed	2029-01-15	EUR 750m
XS1954087695	BBVA 2.575 22/02/29	T2	2.575%	2029-02-22	EUR 750m
US05946KAT88	BBVA 4.150 03/03/29	SP	4.15%	2029-03-03	USD 1,000m
US05946KAV35	BBVA 4.550 03/03/29 FRN	SP	4.55%	2029-03-03	USD 500m
US05946KAQ40	BBVA 5.381 03/13/29	SP	5.381%	2029-03-13	USD 1,000m
ES0413211B41	BBVASM 2 7/8 06/23/29	COV	2.875%	2029-06-23	EUR 1,250m
XS2545206166	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. EUR 1,250,000,000 4.375 per cent. Senior Preferred Green Notes due 11 October 2029	SP	4.375%	2029-10-14	EUR 1,250m
XS2104051433	BBVA 1.000 01/16/30 '25 FRN	T2	1%	2030-01-16	EUR 1,000m
ES0413211A91	CH BANCO BILBAO VIZCAYA ARGENTARIA S.A. VBLE 06/2030	COV	Not disclosed	2030-06-06	EUR 2,000m
XS2835902243	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 750,000,000 3.625 per cent. Senior Preferred Notes due June 2030	SP	3.625%	2030-06-07	EUR 750m
XS3121029436	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,000,000,000 3.125 per cent. Senior Non-Preferred Notes due July 2030	SNP	3.125%	2030-07-15	EUR 1,000m
ES0413211B17	CH BANCO BILBAO VIZCAYA ARGENTARIA S.A. VBLE 11/2030	COV	Not disclosed	2030-11-27	EUR 2,000m
XS2573712044	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. EUR 1,000,000,000 Senior Non-Preferred Notes due 13 January 2031	SNP	4.625%	2031-01-13	EUR 1,000m
XS2790910272	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,000,000,000 Senior Preferred Green Notes due 26 March 2031	SP	3.5%	2031-03-26	EUR 1,000m
ES0413211B33	CH BANCO BILBAO VIZCAYA ARGENTARIA S.A. VBLE 04/2031	COV	Not disclosed	2031-04-28	EUR 2,000m
US05946KAX90	BBVA 4.968 05/08/31	SP	4.968%	2031-05-08	USD 1,250m
ES0413211B09	CH BANCO BILBAO VIZCAYA ARGENTARIA S.A. 1 VBLE 06/2031	COV	Not disclosed	2031-06-06	EUR 1,500m
XS3429140398	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,250,000,000 3.375 per cent. Green Senior Non-Preferred Notes due June 2031	SNP	3.375%	2031-06-30	EUR 1,250m
ES0413211B25	CH BANCO BILBAO VIZCAYA ARGENTARIA S.A. 1 VBLE 11/2031	COV	Not disclosed	2031-11-27	EUR 2,000m
XS1569874503	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 165,000,000 4.00 per cent. Tier 2 Subordinated Notes due 24 February 2032	T2	4%	2032-02-24	EUR 165m
XS1587857498	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of USD 120,000,000 5.700 per cent. Tier 2 Subordinated Notes due 31 March 2032	T2	5.7%	2032-03-31	USD 120m
ES0213211115	OS BANCO BILBAO VIZCAYA ARGENTARIA S.A. Sb VBLE 03/2033	T2	6.025%	2033-03-03	EUR 125m
XS3307266521	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of Banco Bilbao Vizcaya Argentaria, S.A. Series 196 USD 165,000,000 Floating Rate Senior Preferred Notes due 2033	SP	Not disclosed	2033-03-23	USD 165m
XS1824263260	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of USD 300,000,000 5.250 per cent. Tier 2 Subordinated Notes due 29 May 2033	T2	5.25%	2033-05-29	USD 300m
ES0413211B58	BBVASM 3 1/8 06/23/33	COV	3.125%	2033-06-23	EUR 1,000m
XS2636592102	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 750,000,000 5.75 per cent. Callable Subordinated Tier 2 Notes due September 2033	T2	5.75%	2033-09-15	EUR 750m
XS2674597468	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of GBP 300,000,000 Fixed Rate Resettable Subordinated Tier 2 Notes due November 2033	T2	8.25%	2033-11-30	GBP 300m
XS2747065030	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,250,000,000 Senior Preferred Notes due 15 January 2034	SP	3.875%	2034-01-15	EUR 1,250m
XS2540780421	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 100,000,000 4.250 per cent. Senior Preferred Notes due 11 October 2034	SP	4.25%	2034-10-11	EUR 100m
US05946KAN19	BBVA 7.883 11/15/34 '33 FRN	T2	7.883%	2034-11-15	USD 750m
US05946KAR23	BBVA 6.033 03/13/35 '34 FRN	SP	6.033%	2035-03-13	USD 1,000m
XS3168187576	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,000,000,000 3.750 per cent. Green Senior Non-Preferred Notes due August 2035	SNP	3.75%	2035-08-26	EUR 1,000m
XS3268962761	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,250,000,000 3.750 per cent. Senior Non-Preferred Notes due January 2036	SNP	3.75%	2036-01-15	EUR 1,250m
XS2762369549	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. EUR 1,250,000,000 4.875 per cent. Callable Subordinated Tier 2 Notes due 8 February 2036	T2	4.875%	2036-02-08	EUR 1,250m
US05946KAU51	BBVA 5.127 03/03/36	SP	5.127%	2036-03-03	USD 1,000m
XS2889406497	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,000,000,000 4.375 per cent. Callable Subordinated Tier 2 Notes due 29 August 2036	T2	4.375%	2036-08-29	EUR 1,000m
ES0413211147	CH BANCO BILBAO VIZCAYA ARGENTARIA S.A. 4,600 02/2037	COV	4.6%	2037-02-02	EUR 200m
XS3009012470	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,000,000,000 4.000 per cent. Callable Subordinated Tier 2 Notes due 25 February 2037	T2	4%	2037-02-25	EUR 1,000m
ES0214840367	OS CAIXA D'ESTALVIS DE CATALUNYA CERO 01/2038	SP	0%	2038-01-15	EUR 49m
ES0214840359	OS CAIXA D'ESTALVIS DE CATALUNYA CERO 10/2038	SP	0%	2038-10-15	EUR 5m
ES0214840375	OS CAIXA D'ESTALVIS DE CATALUNYA CERO 01/2039	SP	0%	2039-01-15	EUR 12m
ES0214974075	OS CAIXA D'ESTALVIS DE TERRASSA Sb VBLE 12/9999	T2	Not disclosed	Perpetual	EUR 75m
ES0813211002	BBVASM 5 7/8 PERP	AT1	0%	Perpetual	EUR 1,000m
ES0813211010	BBVASM 6 PERP	AT1	6%	Perpetual	EUR 1,000m
ES0813211028	BBVA 6.000 Perp '26 FRN	T2	6%	Perpetual	EUR 1,000m
US05946KAF84	Banco Bilbao Vizcaya Argent. DL-FLR Notes 2017(27/Und.)	AT1	6.125%	Perpetual	USD 1,000m
US05946KAG67	BBVASM 6.500 3/5/2025-49 CO-CO BBVA	AT1	6.5%	Perpetual	USD 1,000m
US05946KAM36	BBVA 9.375 Perp '29 FRN	AT1	9.375%	Perpetual	USD 1,000m
US05946KAS06	BBVA 7.750 Perp '32 FRN	AT1	7.75%	Perpetual	USD 1,000m
US05946KAW18	BBVA 7.125 Perp '33 FRN	AT1	7.125%	Perpetual	USD 1,000m
XS0225115566	BBVASM Float PERP	AT1	Not disclosed	Perpetual	EUR 75m
XS1394911496	BBVASM 8 7/8 PERP BOND	AT1	Not disclosed	Perpetual	EUR 1,000m
XS1619422865	BBVASM 5 7/8 PERP BOND	AT1	5.875%	Perpetual	EUR 500m
XS2638924709	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Series 11 €1,000,000,000 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities	AT1	8.375%	Perpetual	EUR 1,000m
XS2840032762	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. €750,000,000 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities (the “Preferred Securities”)	AT1	6.875%	Perpetual	EUR 750m
XS3226545617	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Series 15 €1,000,000,000 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities (the “Preferred Securities”)	AT1	5.625%	Perpetual	EUR 1,000m

146 active instruments in total; 4 structured products and other debt not shown here.