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 has been assigned the long term credit rating BBB- with positive outlook (2026) by S&P Global Ratings. 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

105

108

113
ISIN code

SE0013102274

SE0013883642

SE0013360914
Documentation

MTN

MTN

MTN
Amount

MSEK 602

MSEK 708

MSEK 800
Issued

2021-05-12

2022-06-09

2023-02-23
Coupon

3 m Stibor +0,93%

3 m Stibor +1,70%

3 m Stibor +1,90%
Maturity

2026-11-12

2027-06-09

2028-02-23
Listing

Nasdaq Stockholm

Nasdaq Stockholm

Nasdaq
Stockholm
Bookrunner/
Organiser

Skandinaviska Enskilda Banken, Nordea Bank

Svenska Handelsbanken, Nordea Bank

Svenska Handelsbanken, Nordea Bank

 

Issue

114

115

116
ISIN code

SE0013360922

SE0013885290

SE0026275208
Documentation

MTN

MTN

MTN
Amount

MSEK 200

MSEK 1,000

MSEK 1,300
Issued

2023-02-23

2024-11-05

2025-11-19
Coupon

4,635%

3 m Stibor +1,27%

3 m Stibor +1,13%
Maturity

2028-02-23

2029-11-05

2030-11-19
Listing

Nasdaq
Stockholm

Nasdaq Stockholm

Nasdaq Stockholm
Bookrunner/
Organiser

Svenska Handelsbanken, Nordea Bank

Svenska Handelsbanken, Nordea Bank

Danske Bank, SEB

 

Issue

117

118
ISIN code

SE0013886793

SE0013886785
Documentation

MTN

MTN
Amount

MSEK 390

MSEK 500
Issued

2026-09-23

2026-09-23
Coupon

3 m Stibor +0,50%

3 m Stibor +0.85%
Maturity

2029-03-29

2031-09-23
Listing

Nasdaq Stockholm

Nasdaq Stockholm
Bookrunner/
Organiser

Svenska Handelsbanken, Nordea Bank

Svenska Handelsbanken, Nordea Bank

 

Prospectus