Finance
Finance
BBVA has named Patricia Bueno as new Head of Investor & Shareholder relations, within the area of Finance.
Financial markets and monetary economics
Exchange rate hedging, a tool to stabilize results and capital when currencies fluctuate
Due to its international presence, BBVA has an exchange rate risk hedging policy which is intended to preserve the Group's capital ratios and provide stability to its results.
BBVA today placed a 6-year €1 billion senior preferred debt issue, with maturity in March 2027, and an option for early redemption after five years. Final demand exceeded the initial offer 1.5 times, up to more than €1.5 billion, spread over 125 orders. The interest rate was mid-swap + 52 basis points, below the estimated exit rate of mid-swap + 70-75 basis points.
BBVA has called its Annual General Meeting (AGM) to be held virtual-only on April 20th, 2021. With the goal of being able to implement a significant potential share buyback, it will be submitted for approval of the AGM the possibility of reducing the bank’s share capital up to 10 percent - the equivalent of approximately 667 million shares. Additionally, BBVA proposes the re-election of seven board members, whose term ends in 2021. It would thus maintain unchanged the composition of the Group’s highest governing body, which currently has two thirds of independent members and an appropriate balance and diversity in several areas: experience, knowledge and expertise, gender and international representation.
BBVA’s Quantitative Investment Strategies business, geared toward institutional investors, has completed its first family of indexes specialized in sustainability. In addition to the indexes that were previously announced, two more are joining the family: ‘Solactive BBVA ixS Global Inclusive Growth’ and ‘Solactive BBVA ixG Global Governance & Board Diversity’. These indexes make it possible to invest in high growth global companies that are aligned to the United Nations Sustainable Development Goals, and in leading global companies in corporate governance, respectively.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) filed on February 26, 2021 with the Securities and Exchange Commission BBVA´s Annual Report on Form 20-F for the year ended December 31, 2020.The Annual Report can be found on BBVA’s Investor Relations websitehttp://shareholdersandinvestors.bbva.com in the section dedicated to Financial information 2020.