Financing and credit information

Financing and credit information includes information on debt, existing funding programs, ratings and bonds. 
Debt on MARCH 31, 2021 Balance (MEUR)
Bonds* 249
Convertible bonds* 109
Long-term loans from financial institutions* 415
Pension loans 199
Lease liabilities 206
Other long-term loans  14
Short-term loans from financial institutions 5
Commercial paper 207
Debt 1,403
*) 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 MARCH 31, 2021
  Maturity Amount (MEUR) Facility (MEUR) Utilization (MEUR) Available (MEUR)
Committed Revolving
Credit Facility
May 2021
May 2022
May 2023   		76
42
532		 76
42
532		 0
0
0
76
42
532
Revolving credit facility SEK 1 000 May 2022  98  98  0  98
Kemi mine financing facility* 2030 120 120 86 34
Finnish Commercial Paper Program N/A 800 800 207 593
* Availability period until March 2022    

 

Ratings

Moody’s corporate rating
Issuer corporate family rating (CFR): B2 Probability default rating (PDR): B2-PD
Outlook: Positive
Date: May 12, 2021

Moody’s rating on the EUR 250 million senior secured notes due 2024
Rating: B1
Date: May 12, 2021

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