BBVA has placed this Tuesday 750 million euros in a contingently convertible bond (known as CoCo or AT1) in euros, with a demand that has reached 3.5 billion euros. The issue price has been set at 6.875%, significantly lower than 7.375% of the starting price. Based on the information sent to the National Securities Market Commission (CNMV), once disbursed, it is expected that The securities count as BBVA's additional Tier 1 capital. and its group in accordance with the applicable solvency regulations. «The remuneration of the securities, whose payment is discretionary and subject to certain conditions, has been set at 6.875% per year until June 13, 2031, being reviewed thereafter in accordance with the terms and conditions of the issue through the application of a margin of 426.7 basis points on the five-year Mid-Swap Rate«, the bank has detailed. The bond issued has a amortization window between December 2030 and June 2031. This issue is part of the bank's wholesale financing plan for 2024 and aims to reinforce AT1 hybrid capital. The placement banks have been BBVA, Barclays, BNP Paribas, Citi, Deutsche Bank and UBS. BBVA's last CoCos issue was in dollars in September 2023. The issue is in no way directed at retail investors, all without prejudice to the additional sales restrictions provided for in the terms and conditions of the issue. Furthermore, BBVA has indicated that will request admission to trading of the Securities on the Global Exchange Market of the Irish Stock Exchange (Euronext Dublin). In 2024, BBVA has carried out five other debt issues: an issue of senior preferred debt structured in two tranches, with a volume of 1,750 million euros; a double preferred and non-preferred senior debt issue in dollars, with a volume of 1,000 million dollars each; one of Tier 2 subordinated debt, worth 1,250 million euros, one of senior preferred debt with a volume of 1,250 million euros and a senior preferred green bond with a volume of 1,000 million euros. With this broadcast, BBVA would have a total of 7,900 million euros issued in the yearabove 90% of the financing plan for 2024 (consisting of issuing between 8,000 and 9,000 million euros).