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.
Public bonds issued
| Notes | Amount (SEK) | Maturity | Reference % | ISIN-number |
|
FLO |
1 000 000 000 |
09-12-2023 | Stibor 3M | XS1526292815 |
|
FLO |
3 000 000 000 | 28-02-2024 | Stibor 3M | XS1562583341 |
|
FIX |
3 500 000 000 | 28-02-2024 | 2,24 | XS1562583937 |
|
FIX* |
4 000 000 000 | 12-02-2025 | 2,88 | XS1768718576 |
|
FLO |
650 000 000 | 11-06-2027 | Stibor 3M | XS2178807893 |
|
FLO** |
350 000 000 | 11-06-2027 | Stibor 3M | XS2219653453 |
|
FIX |
1 000 000 000 | 11-06-2027 | 1,73 | XS2187708198 |
*Class B
**To be included in security XS2187707893
Capital Structure
Debt maturity profile
Interest maturity profile
