Some of SCA's funding is conducted under commercial paper programmes and by issuance of bonds.
For the issue of bonds in the European debt capital markets, SCA has a Euro Medium Term Note (EMTN) programme with a framework amount of EUR 2,000 M (SEK 18,891 M). At 30 June 2008, SEK 10,613 M was outstanding with an average remaining term of 3.4 years.
SCA also has USD 450 M (SEK 2,690 M) notes with remaining term of 7.1 years issued in accordance with rule 144 A, under the US Securities Act of 1933.
SCA’s short term loan programmes comprise a Swedish commercial paper programme with a framework amount of SEK 15,000 M and a Belgian commercial paper programme with a framework amount of EUR 400 M (SEK 3,778 M). At 30 June 2008, the outstanding amounts within these programs were SEK 13,117 M and SEK 2,353 M, respectively.
Information about the debt programmes and securities issued is found below:
Short-term commercial Programme summary
paper programmes
Swedish SEK 15,000 M CP SEK 15 billion
Belgian EUR 400 M CP EUR 400 million
Long and medium-term programme Programme summary
Euro Medium Term Note programme Summary EMTN programme
Outstanding issues Issue summary
under EMTN programme
SEK 1,000,000,000 SEK 1,000 million
4.7% Notes due 2014
EUR 700,000,000 EUR 700 million
3 7/8% Notes due 2011
SEK 1,500,000,000 SEK 1,500 million
3.6% Notes due 2010
SEK 300,000,000 SEK 300 million
3.5 % Index
Linked Interest notes due 2015
SEK 500,000,000 SEK 500 million
Floating Rate Notes due 2010
SEK 500,000,000 SEK 500 million
3.5 % Index
Linked Interest Notes due 2015
Other long and medium-term issues
USD 450,000,000 USD 450 million
4 1/2% Notes due 2015