Credit information

Debt on December 31, 2018

Balance (MEUR)

Bonds*

201

Convertible bonds*

229

Long-term loans from financial institutions*

25

Pension loans

171

Long-term leasing

90

Short-term loans from financial institutions

10

Commercial paper

477

Debt

1,203

                                   

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

Credit information

Existing funding programs

Existing funding programs on December 31, 2018

 

 

 

Maturity

Amount
(MEUR)

Facility (MEUR)

Utilization (MEUR)

Available (MEUR)

Committed Revolving Credit Facility

May 2021

650

650

0

650

Committed Revolving Credit Facility

Feb 2019

90

90

0

77

Committed Revolving Credit Facility, total

-

-

740

0

727

Finnish Commercial Paper Program

N/A

800

477

323

     


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

Bond information

 

 

Bond

Period

Interest rate

Listed

ISIN code

Tracking ticker

MEUR 250

2015–2020

Fixed 3.25%

Frankfurt

XS1194020852

 

MEUR 250

2016–2021

Fixed 7.25%

Nasdaq Helsinki

FI4000210646

OUTJ072521

                 

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 will be redeemed in full on the redemption date of December 12, 2017 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 will be paid automatically to the noteholders. 

Listing particulars for bonds

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.


Bond MEUR 250 Listing Prospectus 2016–2021
           

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