Davis Polk advises BBVA on $1bn securities offering

A Madrid-based Davis Polk team advised BBVA on Its $1 Billion SEC-registered preferred securities offering.

The offering consisted of $1 billion of series 9 non-step-up non-cumulative contingent convertible perpetual preferred tier 1 securities.

The securities will be listed on the Global Exchange Market of Euronext Dublin.

The Madrid-based Davis Polk team consisted of partner Michael J. Willisch (pictured), counsel Ester del Valle Izquierdo and associates Thomas K. Wiesner II and Francisco J. Cespedosa.

Juan fernandez