Redemption of bonds
Banco Bilbao Vizcaya Argentaria SA
23 October 2002
'BBVA, S.A.', pursuant to the provisions of article 82 of the Securities Market
Act (Ley de Mercado de Valores), herein announces the following:
SIGNIFICANT EVENT
In accordance with the provisions of point II.11.2. of the Abridged Prospectus
for the '6(a) Emision de Obligaciones Ordinarias de BBV' (6th Issue of Ordinary
Bonds by the BBV) recorded in the official registers of the Spanish Securities
and Investments Board (CNMV) on November 4th 1997 and bearing ISIN Code
ES0213211040, Banco Bilbao Vizcaya Argentaria, S.A. is to proceed to the early
redemption of the bonds corresponding to the aforementioned issue.
The most noteworthy features of the issue to be redeemed are the following:
Amount of the Issue: One hundred and
seventy-five (175) million Deutschmarks.
Number of bonds issued: Seven hundred (700)
Value per bond: Two hundred and fifty
thousand Deutschmarks (DEM 250,000), that is,
one hundred and twenty-seven thousand eight
hundred and twenty-two euros and ninety-seven
cents (€127,822.97), according to the
irrevocable exchange rate EUR/DEM of 1.95583.
Date of Issue: November 10th 1997
ISIN Code: ES0213211040
Coupon rate: Annual nominal rate of 5.40%
for the first five years and nominal annual rate
of 6.40% for the final five years.
Listing: Spanish AIAF market.
Number of bonds
to be redeemed: Seven hundred (700)
Amount of the
redemption: Eighty-nine million four hundred
and seventy-six thousand and seventy-nine euros
(€89,476,079).
Date of redemption: November 11th 2002, in
view of the fact that the date set for early
redemption, November 10th 2002, is a non-working
day.
Bilbao, October 22nd 2002
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