The issue of debentures convertible into ordinary BBVA shares was completed on February 10, 2015 for the amount of €1,500 million, putting the phased CET1 ratio at levels of 12.4.
From January 1, 2015 to the date of submission of this report, there have been no events, except for those mentioned earlier, that materially affect the Bank's earnings or equity situation on the date of drafting of this document.