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Financing

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

Bond

In May 2015, ÅF issued a five-year senior unsecured bond in the Swedish market for a total nominal amount of SEK 700 million.

Bond 1 prospectus 2015/2020 (in Swedish)

In March 2016, ÅF issued a three-year senior unsecured bond in the Swedish market for a total nominal amount of SEK 500 million.

Bond 2 prospectus 2016/2019 (in Swedish)

 

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

Information Commercial Paper Program (in Swedish)