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Credit​​ information

Debt on September 30, 2017

​Balance (MEUR)

​Bonds *472
​Convertible bonds *​226
​Long-term loans from financial institutions *26
​Pension loans120
​Long-term leasing​113
​Short-term loans from financial institutions4
​Commercial paper463
​Debt1,424

​* Includes arrangement fees which will be expensed during the lifetime of the loan. Part of Convertible bonds is reported as equity

 



Existing funding programs on September 30, 2017

  ​Maturity ​Amount ​Facility
(in MEUR)
​Utilization
(in MEUR)
​Available (in MEUR)
​Committed Revolving Credit Facility​Feb 2019​MEUR 655​6550655
​​​Committed Revolving Credit Facility​Feb 2019​MEUR 30​30​0​30
​​Committed Revolving Credit FacilityFeb 2019​MEUR 90​90090
​​Committed Revolving Credit Facility tot.​-7750 775
​Finnish Commercial Paper Programme​N/A​MEUR 800​800463337


Ratings


Moody’s corporate rating

Issuer corporate family rating (CFR): B1
Probability default rating (PDR): B1-PD
Outlook: Stable
Date: November 6, 2017

Moody’s rating on the EUR 250 million senior secured notes due 2021

Rating: Ba3
Outlook: Stable
Date: November 6, 2017

Bond information

​BONDPERIOD​​INTEREST RATE​LISTEDISIN CODE​​TRACKING TICKER

MEUR 250

2015​
–2020
​Fixed
3.25%
FrankfurtXS1194020852
​MEUR 250​2016
–2021
​Fixed 7.25%​Nasdaq Helsinki​FI4000210646OUTJ072521

Outokumpu Oyj ("Outokumpu") announced on November 2, 2017 that it will exercise its right to redeem prematurely all of its outstanding 6.625% Senior Secured Fixed Rate Notes due September 30, 2019 (OUTJ000019, ISIN FI4000109624). The notes were redeemed in full on December 12, 2017 (the "Redemption Date") in accordance with the terms and conditions of the notes. The notes are listed on the official list of Nasdaq Helsinki Ltd. Formal notice of redemption was delivered to the noteholders in accordance with the terms and conditions of the notes. The redemption was paid automatically to the noteholders.

Not for download or distribution, directly or indirectly, for persons residing in  United States, Canada, Japan, Australia, Singapore, Hong Kong, or any other jurisdiction in which the distribution or release would be unlawful.
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Bond MEUR 250 Listing Prospectus 2016–2021