Financing and credit information

Financing and credit information includes information on debt, existing funding programs, ratings and bonds. 
Debt on september 30, 2020 Balance (MEUR)
Bonds* 249
Convertible bonds* 107 
Long-term loans from financial institutions* 477
Pension loans 199
Lease liabilities 190
Other long-term loans  9
Short-term loans from financial institutions 5
Commercial paper 279
Debt 1,516
*) 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, 2020
  Maturity Amount (MEUR) Facility (MEUR) Utilization (MEUR) Available (MEUR)
Committed Revolving Credit Facility May 2021
May 2022		 76
574		 76
574		 10
75		 66
499
Kemi mine financing facility* 2030 120 120 64 56
Finnish Commercial Paper Program N/A 800 800 279 521
* Availability period until March 2022  

 

Ratings

Moody’s corporate rating
Issuer corporate family rating (CFR): B3 Probability default rating (PDR): B3-PD
Outlook: Negative
Date: March 31, 2020

Moody’s rating on the EUR 250 million senior secured notes due 2024
Rating: B2
Date: March 31, 2020

On April 2, 2020 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 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

 

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