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Funding

We have several borrowing programs, including both committed bank credit facilities and market funding programs. These provide a good level of preparedness for temporary fluctuations in the Group's short-term liquidity requirements, as well as ensuring long-term funding. We do not have a credit rating.

2023-12-31

Market funding programs Maturity Currencies Limit M
Currencies
Limit
SEK M
Utilized
SEK M
Commercial paper (CP) program, maturities 0-1 years   SEK/EUR   6,000 0

Medium Term Note (MTN) program, maturities 1-10 years

  SEK/EUR   8,000 4,644
Total       14,000 4,644
Committed credit facilities          
Revolving Credit Facility 2028 EUR/USD/SEK/GBP EUR 571 M 6,337 0
Revolving Credit Facility 2025 EUR/USD/SEK EUR 200 M 2,218 0
Revolving Credit Facility 2025 EUR/USD/SEK/ EUR 50 M 554 0
Revolving Credit Facility 2024 USD USD 25 M 250 0
Bilateral loan agreement 2024 USD USD 50 M 501 501
Bilateral loan agreement 2024 USD USD 100 M 1,001 1,001
Bilateral loan agreement 2025 EUR EUR 50 M 554 554
Bilateral loan agreement 2027 EUR EUR 50 M 554 554
Bilateral loan agreement 2027 USD USD 35 M 350 350
Bilateral loan agreement 2028 USD USD 35 M 350 350
Bilateral loan agreement 2029 USD USD 40 M 400 400
Bilateral loan agreement 2030 USD USD 40 M 400 400
Other credit facilities       508 2
Total       13,977 4,111
Total central funding         8,755

*Within MTN program
At 2023-12-31, the Group's unutilized credit facilities totaled SEK 9,866 M

Maturity structure

  • Volume: 8.8 bn SEK
  • Average credit maturity 3.1 years (3,4 years incl RCF)

central funding graf eng.png

Last updated: 2/13/2024