The SCA Group's financial risk management is centralized to capitalize on economies of scale and synergy effects and to minimize operational risks.

The central treasury function is responsible for the Group's borrowing, liquidity management, currency and interest rate risk management, and serves as an internal bank for the Group's financial transactions. In addition to ensuring that the SCA Group has secure financing, financial transactions are conducted with the aim of limiting the Group's financial risks.

SCA's financial reports can be found here >>>

Funding and debt programmes

SCA:s funding is based on committed credit facilities with the bank group, bilateral loans from Swedish Export Credit Corporation, and through public programmes. All financial transactions are conducted within the approved mandates of the Board of Directors.

Long term Credit Facilities

SCA has two syndicated revolving credit facilities with the bank group, according to the table below.

  Facility A Facility B
Amounts: 3,5 billion SEK 4,5 billion SEK
Borrower: Svenska Cellulosa Aktiebolaget SCA (publ)
Type: Revolving Credit Facility
Maturity: 2022 2020
Participating banks: Danske Bank, SEB, SHB, Swedbank

Debt programmes

SCA have the following programmes in place.

Type: MTN (Medium Term Note)
Issuer: Svenska Cellulosa Aktiebolaget SCA (publ)
Max amount: 8 billion SEK
Arranger: SHB
Issuing institutions/dealers: Danske Bank, SEB, SHB, Swedbank

MTN programme 2018 (Swedish only) >>>

Outstanding public issues under the MTN-programme, sorted by maturity date:

Loan
number
Nominal
amount
(MSEK)
Interest Transaction
day
Maturity
day
ISIN-
code
101 650 Fixed
interest
2018-05-14 2018-05-24 SE0011062843
102 550 Floating
rate
interest
2018-05-14 2018-05-24 SE0011062850
Type: Commercial Paper Swedish Programme
Issuer: Svenska Cellulosa Aktiebolaget SCA (publ)
Max amount: 5 billion SEK
Issuing institutions/dealers:  Danske Bank, SEB, SHB, Swedbank
Issuing and Paying Agent:  SHB

Programme information (In Swedish) >>>

Credit Rating

Credit rating is an assessment of a company's credit-worthiness. It helps investors to analyze the credit risks associated with fixed-income securities issued by the company.

Svenska Cellulosa AB SCA has had a long-term rating from Moody's Investor Service and Standard & Poor's (S&P) since 1994. The Group in current state, after the de-merger of the hygiene business (named Essity), have received a confirmed long term credit rating of BBB, with stable outlook.

Credit Rating
Agency
Long term
rating
Outlook

Short term
rating
Short term
domestic
S&P BBB Stable A-2 K-2

S&P Ratings (May 8, 2018) >>>

S&P Ratings (April, 2017) >>>