By Adria Calatayud


Banco Bilbao Vizcaya Argentaria plans to issue financial instruments contingently convertible into new shares for a total amount of $1 billion.

The Spanish bank said late Tuesday that, once fully paid up, the securities are expected to qualify as so-called additional tier 1 capital, a funding tool banks use to prop up their capital buffers.


Write to Adria Calatayud at adria.calatayud@wsj.com


(END) Dow Jones Newswires

01-08-25 0126ET