BBVA RMBS 20 FT

The Class A and Class B Notes of BBVA RMBS 20 Fondo de Titulización will be issued at closing to finance the purchase of a portfolio of first-lien residential mortgage loans originated by Banco Bilbao Vizcaya Argentaria, S.A.; Catalunya Banc, S.A.; and UNIMM Banc, S.A. The mortgage loans are secured over residential properties located in Spain.