Debt advisory services

BBVA CIB provides specialized financial advice and tailored solutions for corporate clients, investment funds and institutional entities in both the public and private sectors. Our methodology is based on data analysis and the combination of specialists in financial products with experts in specific sectors, always focused on establishing lasting relationships.

The financial advisory services offered by the bank include support in mergers and acquisitions, capital increases and debt issuance, tailoring them to integrate them into customized financing solutions. BBVA is an expert bank in transactions linked to innovative projects, credit facilities, buyer credit and IPOs.

Mergers and Acquisitions

A successful merger, acquisition or divestment requires a trusted advisor to work alongside key decision makers. While each deal is unique by nature, The successful trajectory of BBVA regarding transactions executed in different sectors allows its teams of experts to provide clients with the key perspectives they need.

BBVA CIB covers the full range of client segments, from major, global corporates to middle markets within its primary geographical regions. We offer a range of services that include mergers and acquisitions, sales of companies and assets, strategic partnerships, fundraising, privatizations, obtaining impartial strength opinions, and valuation reports for acquisition offers. Additionally, BBVA ensures deep visibility into the crucial details of each deal, even during its early stages.

BBVA’s advisory services are end-to-end, with the depth required by each client. Having a holistic perspective of deals is paramount, yet the ability to delve into particulars at any juncture is equally crucial. Leveraging our sophisticated analytical technology, our M&A experts assist clients by:

• Analyzing and evaluating strategic and financial options.
• Screening the market.
• Assessing potential acquisitions or buyers.
• Organizing, managing, and coordinating the deal.
• Drafting the transaction documents and financial models.
• Conducting thorough due diligence.
• A good strategy can help companies maximize their value for sale, while also helping purchasers avoid pitfalls in important acquisitions.

Equity Capital Markets

At BBVA, we provide our expertise to advise and execute best-in-class Equity Capital Market solutions for our clients, encompassing Initial Public Offerings (IPOs), rights issues, accelerated placements, convertible bonds, and scrip dividends.

BBVA has a reliable, committed and fully aligned ECM Advisory team, offering corporate clients clear, honest, impartial advice.

In January 2021, with the objective of bolstering our capabilities for primary market transactions and being a relevant advisor to our clients, BBVA forged a strategic alliance for Spain and Portugal with ODDO BHF, one of Europe’s leading brokerage platforms. This platform covers over 500 listed companies and has access to a wide global base of around 750 of institutional investors.

BBVA is a trusted relationship partner, strategically aligned with its corporate clients’ interests, and draws upon its strong experience in executing Spanish Equity Deals. This is combined with our strategic partner ODDO BHF’s unparalleled Research franchise and opinion-leading distribution platform, encompassing an authoritative Pan-European equity discourse combined with local Spanish acumen.

ESG Advisory

Committed to sustainability, ESG advisory builds up a strategic dialogue on sustainability and sustainable finance. This dialogue is tailored to the unique circumstances of each client, leveraging BBVA’s strong analytical capabilities compared to other competing entities and expert knowledge of best practices, challenges, opportunities, and key factors for each industry. We also share insights with institutional clients, assisting them in developing sustainability policies for a low-carbon economy.

Rating advisory

BBVA CIB’s rating advisory team provides independent, customized analysis and advice on a wide range of debt-related topics, including debt capacity, acquisition finance, financial strategy, and capital structure.

Clients can choose how to manage their rating, taking advantage of BBVA’s know-how to ensure they optimize their situation over time:

• Ratings estimates for non-rated companies, applying agency methodologies tailored to each different sector.
• Evaluating the rating impact of different scenarios for rated companies, including but not limited to: debt capacity, changes in dividend policy, leveraged recaps, debt distribution across different group entities, specific acquisition or disposals, or the purchase of a minority stake by an investor.
• Proactive management of relationships with rating agencies. Appointment of an advisor can consolidate companies’ links with rating agencies to ensure fair evaluation and correct disclosure, ensuring agencies’ approach and adjustments are fair and consistent with those used for the rest of the sector.
• Capital structure advisory in M&A, corporate restructurings, recapitalizations, or IPO situations. Our team provides debt advisory services such as: debt capacity, acquisition finance analysis, financial strategy, and capital structure strategic advice to corporates, among other offerings.

Project Finance advisory

Clients looking to finance large infrastructure and energy projects must have access to broad-ranging expertise if they are to find the most efficient funding sources.

Leveraging BBVA’s knowledge, we advise corporates and financial sponsors on the most efficient financing sources for each of their projects, from traditional bank lending to innovative solutions such as project bonds, funding from institutional investors or hybrid structures. Furthermore, we advise governments and other authorities on structuring concessions and PPPs to ensure they are well-received by the financial community.

Our financial advisory includes:

• A comprehensive review of the project that includes:
  • Assessment of the business plan & regulatory issues and
  • Conducting feasibility & risk analyses.
• Strategy & Structuring, which involves:
  • Financial modelling and valuation,
  • defining the capital structure, determining debt capacity, devising the funding strategy, and providing debt advisory, as well as facilitating raising equity /debt.

Liability management

BBVA provides advisory services and reliable data analytics for structuring debt extensions, covenants, amendments, refinancing strategies, arbitrage and P&L optimization to Investment Grade & High-Yield corporates, financials and sovereign sector issuers.

Fixed income capital solutions

BBVA CIB global team provides customized fixed income capital solutions to corporates and financial institutions. These solutions include hybrid bonds, contingent convertibles, AT1, Tier 2 and securitizations and allow clients to ensure their capital structure is robust at all times with the flexibility required by each client.