Gränges' treasury function ensures that the Group’s financing is secured by managing the loans, lines of credit and liquidity and that the financial exposure is in line with the Group’s financial policy.
Gränges' financing mainly consists of term loans, credit facility loans, commercial papers and bonds issued under the Group’s MTN program. As per 31 December 2022, the interest-bearing debt amounted to SEK 5,060 (4,109) million, whereof SEK 2,197 million is due in 2023.
The main loan facilities are a multi-currency revolving credit facility of SEK 3,500 million and a USD 100 million Term Loan which are due in December 2025.
Gränges has a commercial paper program available in Swedish Krona with a framework amount of SEK 2,000 million. A total of SEK 1,633 million of Commercial papers was issued as per 31 December 2022.
Gränges has an MTN Program (Medium Term Notes) with a framework amount of SEK 3 billion. The prospectus has been approved by Finansinspektionen, the Swedish financial supervisory authority, and is also available at www.finansinspektionen.se.
Grundprospekt 2022-09-23.pdf (Swedish)
Grundprospekt 2021-09-20 (Swedish)
|103||29 September 2021||5 years||600 MSEK|
Grundprospekt 2018-08-30 (Swedish)
|102||20 September 2018||5 years||300 MSEK|
Green and Sustainability-Linked Finance Framework
To support Gränges’ sustainability ambitions and targets, the company has published a combined Green and Sustainability-Linked Finance Framework to allow for the issuance of Green Bonds and Sustainability-Linked Bonds.
The framework allows Gränges to issue both Green and Sustainability-Linked Debt, as well as a combination of the two. By creating a combined framework the company enables investments in green projects and assets, as well as investments to increase its sustainability performance for the overall business.
Sustainalytics has provided a second party opinion confirming the alignment with International Capital Market Association (“ICMA”) Green Bond Principles (“GBP”) 2021, the Sustainability-Linked Bond Principles (“SLBP”) 2020 as well as the Loan Market Association (“LMA”), the Asia Pacific Loan Market Association (“APLMA”) and the Loan Syndications and Trading Association (LSTA) Green Loan Principles (“GLP”) 2021 and Sustainability-Linked Loan Principles (“SLLP”) 2021.
Gränges Green and Sustainability-Linked Finance Framework
Sustainalytics has provided an second opinion to the framework.
Gränges Green and Sustainability-Linked Finance Framework Second-Party Opinion
For further information, please contact:
Gustav Mårtensson, VP Group Treasury
Phone: +46 70 644 80 15