ÅF’s main financing:
- A Multi-Currency Revolving Credit Facility (RCF) established in 2014. The facility amounts to SEK 1,000 million and has a tenor of 3+1+1 years.
- An additional Multi-Currency Revolving Credit Facility (RCF) was established in 2017. The facility amounts to SEK 1,000 million and has a tenor of 2+1+1 years. The purpose of the facility is to ensure underlying available credit facilities for the Commercial Paper Program.
- Two issued senior unsecured bonds with tenors of five respectively three years.
- A Swedish Commercial Paper Programme established in 2017. The programme gives ÅF the option to issue commercial paper for a total amount of SEK 1,000 million with a term of up to 12 months.
Further information on ÅF’s capital market financing
In May 2015, ÅF issued a five-year senior unsecured bond in the Swedish market for a total nominal amount of SEK 700 million.
In March 2016, ÅF issued a three-year senior unsecured bond in the Swedish market for a total nominal amount of SEK 500 million.
Commercial Paper Program
Since May 2017, ÅF has had a Commercial Paper Program to a limit of SEK 1,000 million. ÅF has available credit facilities that cover all outstanding commercial paper at all times.
Key overview of the CP-program:
Start: May 2017
Size: SEK 1,000,000,000
Term: Maximum of one year
Interest terms: The interest that applies on the money market for the corresponding type of commercial paper at the time of issue
Applicable legislation: Swedish
Organiser: Svenska Handelsbanken
Other issuing institutions: SEB
Issuing and Paying Agent: Svenska Handelsbanken
Clearing system: Euroclear Sweden