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# BBVA launches five-year green senior non-preferred bond of EUR 1.25 billion
- URL: https://www.theglobalbanker.com/bbva-launches-five-year-green-senior-non-preferred-1-25bn/
- Published: 2026-06-24T11:47:00.000Z
- Updated: 2026-10-02T00:29:33.000Z
- Description: BBVA has issued a EUR 1.25 billion five-year green Senior Non-Preferred bond, drawing orders of more than EUR 3.2 billion.
- Author: TGB Editorial Team
- Tags: ESG, Europe

BBVA has placed a EUR 1.25 billion green Senior Non-Preferred bond maturing on 30 June 2031, its first green issuance of 2026\. Demand exceeded EUR 3.2 billion, more than 2.5 times the final issue size.

BBVA said the proceeds will be allocated in accordance with the criteria set out in its sustainable financing framework. Strong demand allowed it to tighten the spread from initial price thoughts of mid-swaps plus 95-100 basis points to a final 70 basis points over mid-swaps, and the bond carries a fixed annual coupon.

#### PRICING AND SYNDICATE

BBVA acted as global coordinator and joint bookrunner alongside Crédit Agricole CIB, Deutsche Bank, HSBC and Lloyds.

BBVA's previous green issuance was a EUR 1 billion bond placed in August 2025.

#### BBVA'S 2026 ISSUANCE

The deal is BBVA's fifth issuance of 2026\. The previous week it placed EUR 2.25 billion in a dual-tranche euro covered bond; in January it placed EUR 2 billion in a dual-tranche senior non-preferred issuance, in February USD 2.5 billion in senior non-preferred debt and in April USD 2.25 billion in a dual-tranche issuance.