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BBVA PREFERRED CAPITAL LTD Announces Redemption of Series B 9,600,000 7.75% Non-Cumulative Guaranteed Preference Shares

                              CUSIP 05529T206

    MADRID, June 19 /PRNewswire-FirstCall/ -- BBVA PREFERRED CAPITAL LTD
(NYSE: BBV) has today given notice that it intends to redeem all
outstanding Non-Cumulative Guaranteed Preference Shares Series B 7.75% on
July 24, 2006, at the redemption price of USD25.00 per share plus USD0.13
per share representing dividends from June 30, 2006 to July 24, 2006.
    The Bank of New York is the Redemption Agent.


SOURCE BBVA PREFERRED CAPITAL LTD




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  • http://www.prnewswire.com/comp/115027.html/ (BBV)
    CONTACT:
    Cristina Cortadi Fernandez of BBVA PREFERRED
    CAPITAL LTD, +011 34 91 537 8195