Credit information

Debt on SEPTEMBER 30, 2019 Balance (MEUR)
Bonds* 249
Convertible bonds* 246
Long-term loans from financial institutions* 37
Pension loans 220
Lease liabilities 210
Short-term loans from financial institutions 39
Commercial paper 460
Debt 1,460

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

Existing funding programs

Existing funding programs on September 30, 2019
  Maturity Amount (MEUR) Facility (MEUR) Utilization (MEUR) Available (MEUR)
Committed Revolving Credit Facility May 2021
May 2022
76
574
76
574
0
0
76
574

Term loan*

Kemi mine financing facility**

 

2030

400

120

400

120

0

24

400

96

Finnish Commercial Paper Program N/A 800 800 460 340

* Outokumpu has signed EUR 400 million secured term loan in June, which was withdrawn in October 2019.

** Availability period from until March 2022.

 

Ratings

Moody’s corporate rating
Issuer corporate family rating (CFR): B1

Probability default rating (PDR): B1-PD
Outlook: Negative
Date: May 27, 2019

Moody’s rating on the EUR 250 million senior secured notes due 2024
Rating: Ba3
Date: May 27, 2019

On May 27, 2019 Moody’s issued Credit Opinion document on Outokumpu Oyj.

 

Bond information

Bond information
Bond Period Final maturity Interest rate Listed ISIN code Tracking ticker Other information
MEUR 250 2015–2020 February 26, 2020 Fixed 3.25% Frankfurt XS1194020852   Current conversion price is 6.75 euros/share
MEUR 250 2018–2024 June 18, 2024 Fixed 4.125% Nasdaq Helsinki FI4000331004 OUTJ412524  

 

Listing particulars for bonds

Not for release, publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan or Singapore, or any other jurisdiction in which the distribution or release would be unlawful.

Bond MEUR 250 Listing Prospectus 2018–2024

Terms and conditions of the EUR 250 million senior unsecured convertible bond due February 26, 2020

Outokumpu Convertible Notes due 2020 – Terms and Conditions