Financing and credit information

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

*) 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 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

* Availability period until March 2022    

 

Ratings

Moody’s corporate rating
Issuer 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