Debt and funding programs

Billerud maintains strong access to long term capital markets and uses multiple sources of funding. Billerud does not have credit ratings and has not issued any sustainability-linked or green bonds.

The company aims to achieve a reasonable diversified lender base and a repayment structure where loan maturity is evenly spread over time.

Billerud’s short term funding is met by a Swedish Commercial Paper program, committed facilities and a revolving credit facility committed by a group of banks.

The long term funding is met by a bond program for Medium Term Notes (MTN), as well as other bond loans from the Swedish Export Credit Corporation. In addition, Billerud has long term bilateral (term) loans from the European Investment Bank, the Nordic Investment Bank and commercial banks. 

Debt portfolio, 31 December 2024

    Maturity, years  
Loan Limit, SEKm 0-1 1-2 2- Total utilized
Syndicated credit facilities 5,500  

 

   –
Term loans   502 102 1,802 2,406
Bond loans within MTN program 7,000 – 1,250 1,250 2,500
Other bond loans   1,000 – 600 1,600
Commercial paper 4,000 897

 

 

 897
Group total   2,399 1,352 3,652 7,403
 

Commercial Paper program
Loan frame: SEK 4 billion
Issuing institutions: Danske Bank, DNB, Nordea, SEB, Handelsbanken and Swedbank
Certificates with terms of up to one year can be issued in both SEK and Euro.
More information can be found in this information brochure.

Medium Term Note (MTN) program
Loan frame: SEK 7 billion
Issuing institutions: Danske Bank, DNB, Nordea, SEB, Handelsbanken and Swedbank
Bonds can be issued in SEK or Euro.
More information can be found in this prospectus and in the table below. Click on MTN number to view final terms (In Swedish)

MTN nr Settlement date Maturity Interest rate construction Nominal amount
115 9 February 2023 5 year Floating SEK 500m
116 9 February 2023 5 year Fixed SEK 750m
117 9 February 2023 3 year Floating SEK 400m
118 9 February 2023 3 year Fixed SEK 850m