Constitution 11.29.2004
Early Liquidation 01.21.2015
Securitised assets SME Loans
Originators Banco Bilbao Vizcaya Argentaria (BBVA)
Bond Issue 1,000,000,000 EUR 12.02.2004 Fitch Moody´s S&P
Initial Latest Initial Latest Initial Latest
Series A1 725,300,000 EUR 3−M Euribor + 0.11% AAA AAA Aaa Aaa AAA AAA
Series A2(G)1 215,300,000 EUR 3−M Euribor − 0.01% AAA AA- sf Aaa A3 (sf) AAA AA-(sf)
Series B 40,800,000 EUR

3−M Euribor + 0.30%

A AA+ sf A2 A1 (sf) A AA (sf)
Series C 18,600,000 EUR 3−M Euribor + 0.68% BBB+ A sf Baa2 A1 (sf) BBB A+ (sf)
1 Series guaranteed by the Spanish State
Lead Managers BBVA JPMorgan
Underwriters & BBVA JPMorgan
Placement Agents ABN AMRO BNP Paribas
Caixa Catalunya Fortis Bank
Paying Agent Société Générale (previously BBVA)
Treasury Account Société Générale (previously BBVA)
Financial Structuring Europea de Titulización SGFT (EdT)
Legal Adviser Clifford Chance
Securitised Assets Auditor Deloitte
Fund Auditor Deloitte (ejercicios 2009 a actual)
Ernst & Young (hasta ejercicio 2008)
In accordance with CNMV Circular 4/2009, 4th November, the ordinary communications planned to make in the Offering Circular shall no longer be submitted to the CNMV. Nevertheless, shall continue to be posted, in the circulated media established in the Offering Circular, the communications for which provision is made in this way, with the set frequency for each one, and the remaining in this web site within the following items: 'Securitised Assets', 'Bond Issued' and 'Application of Available Funds / Quantitative Triggers Situation'.