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-BBVA unit plans benchmark issue.

Global Banking News-May 12, 2011--BBVA unit plans benchmark issue(C)2011 ENPublishing -

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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Publication:Global Banking News (GBN)
Date:May 12, 2011
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