As part of Holmen’s strategy, it is stated that the Group shall have a strong financial position that provides financial stability to enable the Group to make correct and long-term business decisions relatively independently of the state of the economy and external financing possibilities. The target for the debt/equity ratio is a maximum of 25 percent and the strategic planning includes harmonising the financial position with this target.
For parts of Holmen’s financing, debt programmes, where commercial papers and bonds can be issued on the Swedish capital market, are utilised. The commercial paper programme has a limit of MSEK 6 000 and papers with a duration of up to one year may be issued in both Swedish krona and euro. Holmen’s Medium Term Note programme, where bonds in krona or euro may be issued, has a limit of MSEK 6 000. More information about the programme can be found in the prospectus (in Swedish) below.
The Group has unused long-term contractually agreed credit facilities of SEK 5.0 billion, of which SEK 1.0 billion is available until 2025 and SEK 4.0 billion until 2027. The credit facilities can be used for financing and as a liquidity reserve.
Credit rating
Holmen has a short- and long-term corporate credit rating from Standard & Poor’s. Holmen has a BBB+ long-term rating and A-2 short-term rating.
S&P Rating report June 2024 Holmen
Related documents
MTN prospectus 2024 Holmen AB (in Swedish only)
MTN prospectus 2023 Holmen AB (in Swedish only)
MTN prospectus 2022 Holmen AB (in Swedish only)
MTN prospectus 2021 Holmen AB (in Swedish only)
MTN prospectus 2020 Holmen AB (in Swedish only)
MTN prospectus 2019 Holmen AB (in Swedish only)
MTN prospectus 2018 Holmen AB (in Swedish only)
Slutgiltiga villkor lån 115 (in Swedish only)
Slutgiltiga villkor lån 116 (in Swedish only)
Slutgilitga villkor lån 119 (in Swedish only)
Slutgiltiga villkor lån 120 (in Swedish only)
