Debt

Indutrade’s funding is centralised to increase possibilities to attractive terms and conditions, ensure adequate internal control and facilitate an efficient capital allocation to all subsidiaries.

The central treasury function is responsible for the Group’s borrowing, liquidity management, currency and interest rate risk management, and serves as an internal bank for the Group.

Debt is primarily raised by the parent company Indutrade AB and transferred to subsidiaries as internal loans or capital injections.

CREDIT RATING

Indutrade AB was assigned the long term credit rating BBB- with stable outlook by S&P Global Ratings on March 29, 2021. Please find the press release here.

Please find the report here. 

BOND LOANS

Indutrade has established a domestic Medium Term Note program with a framework amount of SEK 10 billion, that provides the opportunity to issue bonds in the Swedish market. For this purpose, Indutrade has prepared a base prospectus, which has been approved and registered by the Swedish Financial Supervisory Authority. Please find the prospectus at the bottom of this page (in Swedish).

Outstanding bonds

Issue 104 105 106 107
ISIN code SE0012676419 SE0013102274 SE0013883345 SE0013360708
Documentation MTN MTN MTN MTN
Amount MSEK 500 MSEK 900 MSEK 750 MSEK 650
Issued 2019-06-26 2021-05-12 2021-12-02 2022-03-23
Coupon 3 m Stibor +1,35% 3 m Stibor
+0,93%		 3 m Stibor
+0,74%		 3 m Stibor
+1,05%
Maturity 2024-09-26 2026-11-12 2025-12-02 2026-03-23
Listing Nasdaq Stockholm Nasdaq
Stockholm		 Nasdaq
Stockholm		 Nasdaq
Stockholm
Bookrunner/
Organiser		 Nordea Bank, Svenska Handelsbanken Skandinaviska Enskilda Banken, Nordea Bank Nordea Bank, Svenska Handelbanken Nordea Bank

 

Issue 108 109 110 111
ISIN code SE0013883642 SE0017780323 SE0017780331 SE0017780356
Documentation MTN MTN MTN MTN
Amount MSEK 1,000 MSEK 400 MSEK 500 MSEK 300
Issued 2022-06-09 2022-11-23 2022-11-23 2022-11-23
Coupon 3 m Stibor
+1,70%		 3 m Stibor
+1,60%		 4,684% 4,875%
Maturity 2027-06-09 2025-05-23 2025-05-23 2026-09-23
Listing Nasdaq
Stockholm		 Nasdaq
Stockholm		 Nasdaq
Stockholm		 Nasdaq
Stockholm
Bookrunner/
Organiser		 Svenska Handelsbanken, Nordea Bank Skandinaviska Enskilda Banken, Nordea Bank Skandinaviska Enskilda Banken, Nordea Bank Skandinaviska Enskilda Banken, Nordea Bank

 

Issue 112 113 114
ISIN code SE0013883824 SE0013360914 SE0013360922
Documentation MTN MTN MTN
Amount MSEK 200 MSEK 800 MSEK 200
Issued 2022-12-13 2023-02-23 2023-02-23
Coupon 4,493% 3 m Stibor
+1,90%		 4,635%
Maturity 2024-12-20 2028-02-23 2028-02-23
Listing Nasdaq
Stockholm		 Nasdaq
Stockholm		 Nasdaq
Stockholm
Bookrunner/
Organiser		 Svenska Handelsbanken Svenska Handelsbanken, Nordea Bank Svenska Handelsbanken, Nordea Bank

 

Prospectus