-BBVA unit plans benchmark issue.
Global Banking News - 12 May 2011
BBVA US Senior SA Unipersonal, a unit of Banco Bilbao Vizcaya Argentaria SA (BBVA) (NYSE: BBV) (BBVA.MC), has sold a three-year benchmark of at least USD500m in high-grade bonds on Wednesday, Dow Jones has reported, citing a person familiar with the transaction.
The senior unsecured notes will bear interest at a fixed and/or floating rate. Sizing and price guidance are yet to be determined.
The bonds are expected to score ratings of 'Aa2' by Moody's Investors Service, 'AA' by Standard & Poor's and 'AA-' by Fitch Ratings. The sale was expected to close later on Wednesday via bookrunners BBVA, Citigroup (NYSE: C), Deutsche Bank (NYSE: DB) (DBK.DE) and Goldman Sachs (NYSE: GS).
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