BBVA, a leading Spanish bank, plans to boost its debt issuance by 60% this year after a setback from its failed takeover attempt of Banco Sabadell. So far in 2023, BBVA has raised €2 billion in senior bonds, steering clear of issuing contingent convertible bonds ('cocos') for the time being. With the reporting duties fulfilled, the bank is now focusing on its next challenges, which include sustaining growth and shareholder returns in a more demanding environment.

The bank's financial strategies have evolved in light of recent events, and with the failed acquisition of Sabadell now behind it, BBVA is steering its focus towards organic capital generation. Their ambitious target is to reach €49 billion by 2028, striving for growth in critical markets such as Mexico and Europe. Furthermore, the strategy emphasizes strengthening shareholder remuneration without compromising their solvency levels, aiming for a balanced approach to expansion and profitability.

As BBVA sets its financing objectives for 2026, the bank will continue to navigate the complexities of the financial sector while adapting to market pressures and shareholder expectations. By maintaining an upward trajectory in debt issuance and fostering growth in its key markets, BBVA is looking to position itself strongly for future challenges, ensuring commitment to both profitability and financial stability.