BBVA pads AT1 stock ahead of 2018 call date

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BBVA pads AT1 stock ahead of 2018 call date

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BBVA issued $1bn of perpetual non-call 10 additional tier one (AT1) notes on Wednesday, in a deal paving the way for it to redeem a bond next year that will be the first European AT1 issued in a core currency to reach its call date.

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