BBVA issues $2.3 billion in bonds and expands AI integration

BBVA has completed a $2.3 billion issuance of senior non-preferred bonds to support refinancing and shareholder capital returns. The offering was divided into three tranches: a $1 billion three-year fixed-rate tranche at 4.977%, a $300 million variable-rate tranche linked to SOFR plus 89 basis points, and a $1 billion five-year fixed-rate tranche at 5.244%. The transaction saw significant investor interest, with a final order book reaching approximately $7.2 billion.

Alongside this debt issuance, the bank is executing a share buyback program. Between August 17 and August 21, BBVA purchased approximately 5.8 million shares, totaling nearly €391 million, which represents about 39% of the current €1 billion phase of the program.

In a separate strategic move, BBVA is integrating artificial intelligence into its Business and Institutional Banking (BEI) division. The bank is deploying AI to enhance client advisory, risk management, and technological solutions. This initiative is managed by the newly formed global AI Transformation organization, aiming to create a collaborative model between human professionals and intelligent agents to improve efficiency and decision-making speed.