Financing

Ellevio’s objective is to minimise the long term cost of capital and maximize the value of the company while ensuring access to debt financing at all times.

Debt philosophy

For its secured debt (Class A), the company targets to maintain a financial risk profile that is consistent with Investment Grade Rating (minimum BBB-/Baa3) at all times.

Debt should be diversified in terms of duration, counterparts, markets and instruments used, and structured in such a way that Ellevio’s business plan and long-term targets can be met.

Low yielding cash positions should be minimized and excess cash used for interest payment under shareholder loans and or dividend distribution. However, Ellevio shall always have access to a Liquidity Reserve consisting of cash, short term bank deposits and undrawn committed bank lines maturing beyond the next 12 months, to meet its short term capital needs.

Bonds issued under EMTN-programme

Class and type of debtCurrency and amount Final maturity Interest rate/Coupon ISIN Number
Class A, Green, FRNSEK 1000,000,0002027-06-11Stibor 3M + 1,43%XS2178807893
Class A, Green, FixedSEK 1,000,000,0002027-06-111.728 %XS2187708198
Class A, FixedEUR 185,000,0002027-08-312,727%XS1569742429
Class B, Green, Fixed SEK 1,500,000,0002028-11-203.768 %XS2943726872
Class A, Green, FixedSEK 3,000,000,0002029-06-014,53%XS2630500887
Class A, FixedSEK 675,000,0002030-01-303,793%XS1551445486
Class A, FixedEUR 220,000,0002030-08-303,002%XS1569742858
Class B, Green, Fixed SEK 2,500,000,0002031-11-204.290%XS2943727177
Class A, Green, FixedSEK 1,450,000,0002032-01-164,23%XS2748854242
Class A, Green, FRNSEK 1,550,000,0002032-01-16Stibor 3M +1,70%XS2748854671
Class A, Green, FixedEUR 500,000,0002034-03-074.125%XS2777383840
Class A, Green, Fixed EUR 500,000,0002035-05-143,75%XS3044299769
Class A, Green, Fixed NOK 2,000,000,0002037-06-105,3275%XS3087209931

Financing structure

For information about debt and interest maturity, please see the latest investor presentation on the page Financial Reports and Ducuments.

For information about green bonds and our green financing framework, please see page Green Financing.

Information from Ellevio AB, 

updated on 16 April 2024

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