Debt on DECEMBER 31, 2020 | Balance (MEUR) |
---|---|
Bonds* | 249 |
Convertible bonds* | 108 |
Long-term loans from financial institutions* | 414 |
Pension loans | 199 |
Lease liabilities | 192 |
Other long-term loans | 9 |
Short-term loans from financial institutions | 2 |
Commercial paper | 231 |
Debt | 1,404 |
Financing and credit information
Existing funding programs
Existing funding programs on december 31, 2020 | |||||
---|---|---|---|---|---|
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 | 100 | 100 | 0 | 100 |
Kemi mine financing facility* | 2030 | 120 | 120 | 86 | 34 |
Finnish Commercial Paper Program | N/A | 800 | 800 | 231 | 569 |
Ratings
Moody’s corporate ratingIssuer corporate family rating (CFR): B3 Probability default rating (PDR): B3-PD
Outlook: Stable
Date: February 16, 2021
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