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 3 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).

On 16 February 2018, Indutrade issued two senior unsecured bonds of in total SEK 1,000 million with a tenor of five years. The first bond loan amounts to SEK 750 million and carries a floating interest rate of three months STIBOR +1.10%. The second bond loan amounts to SEK 250 million and carries a fixed rate of 1.75% annually. The transaction generated strong investor demand and the transaction was oversubscribed. Please find the press release here.

On 20 November 2018, Indutrade issued a senior unsecured bond of SEK 500 million with a tenor of 3.25 years. The bond loan amounts to SEK 500 million and carries a floating interest rate of three months STIBOR +0.95%. Please find the press release here.

On 18 June 2019, Indutrade issued a senior unsecured bond of SEK 500 million with a tenor of 5.25 years. The bond loan amounts to SEK 500 million and carries a floating interest rate of three months STIBOR +1.35%. Please find the press release here.