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Financing

Organization

Industrivärden’s financing and management of financial risks are conducted in accordance with guidelines set by the Board of Directors. Industrivärden’s finance function works primarily with financing and investment of temporary surplus liquidity.

Financing

Industrivärden’s financing is arranged through both short- and long-term borrowing. The credit facilities give Industrivärden the ability to act on attractive investment opportunities at short notice. No part of the financing is conditional upon any covenants.

Interest-bearing net debt as per December 31, 2020

  2020 2019
Exchangeable bond - -
MTN program 5,751 3,055
Commercial paper 1,800 900
Provision for pensions 42 68
Other interest-bearing liabilities 225 232
Total interest-bearing liabilities 7,818 4,255
     
Less:    
Interest-bearing receivables -164 -167
Cash and cash equivalents 0 -56
Total 7,654 4,032

Maturity structure

Maturity structure for undiscounted, contracted interest-bearing liabilities and derivative instruments with negative market values as per December 31, 2020:

  2021 2022 2023 2024-
Interest bearing liabilities 1) 3,280 1,504 1,503 1,500
Derivate instruments - - - 73
Total 3,280 1,504 1,503 1,573

1) Excluding pension provisions of sEK 42 M (68).

Last update: 04 Mar 2021