Financing and credit information

Financing and credit information includes information on debt, existing funding programs, ratings and bonds. 
Debt on SEptember 30, 2021 Balance (MEUR)
Bonds* 249
Convertible bonds* 111
Long-term loans from financial institutions* 205
Pension loans 223
Lease liabilities 192
Other long-term loans  13
Short-term loans from financial institutions
0
Commercial paper 100
Debt 1,094
*) Includes arrangement fees which will be expensed during the lifetime of the loan, part of the Convertible Bonds reported as equity

Existing funding programs

Existing funding programs on SEPTEMBER 30, 2021
  Maturity Amount (MEUR) Facility (MEUR) Utilization (MEUR) Available (MEUR)
Committed Revolving
Credit Facility

May 2022
May 2024               
42
532
42
532
0
0
42
532

Revolving credit facility SEK 1 000 May 2023  99  99  0  99
Kemi mine financing facility* 2030 120 120 86 34
Finnish Commercial Paper Program N/A 800 800 100 700
* Availability period until March 2022    
 

Ratings

Moody’s corporate rating
Issuer corporate family rating (CFR): Ba3
Outlook: Stable
Date: November 15, 2021

Moody’s rating on the EUR 250 million senior secured notes due 2024
Rating: Ba3
Date: November 15, 2021

 

Bond information

Bond information
Bond Period Final maturity Interest rate Listed ISIN code Tracking ticker Other information
MEUR 250 2018–2024 June 18, 2024 Fixed 4.125% Nasdaq Helsinki FI4000331004 OUTJ412524  
MEUR 125 2020–2025 July 9, 2025 5% Frankfurt  XS2200501653   The initial Conversion Price is €3.273


Outokumpu – Voluntary total redemption of rated senior secured fixed rate notes due in 2024

Outokumpu Oyj announces that it will redeem in full its outstanding 4.125 percent rated senior secured fixed rate notes due in 2024 (ISIN FI4000331004, OUTJ412524) on the redemption date of December 7, 2021 in accordance with section 8.4 of the terms and conditions of the notes. The notes are listed on the official list of Nasdaq Helsinki Ltd.

The current outstanding nominal amount of the notes is EUR 250 million. On the redemption date, Outokumpu will pay the holders of the notes a redemption price equal to 101.0313 percent of the outstanding principal amount of each note and all accrued and unpaid interest on such principal amount in accordance with the terms and conditions of the notes.

Outokumpu will use existing liquidity reserves to finance the redemption.

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

Outokumpu Senior Unsecured EUR 125 million Convertible Bond due 2025

Published July 9, 2020