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 financial reports
Funding and debt programmes
SCA’s funding is based on committed credit facilities with the bank group, bilateral loans from European Investment Bank, Nordic Investment Bank, Swedish Export Credit Corporation, commercial banks and through public programmes. All financial transactions are conducted within the approved mandates of the Board of Directors.
To ensure good access to financing at attractive terms, SCA has a clear objective to maintain an investment grade rating. SCA’s policy is that loan documentation should not contain clauses that entitle the lenders to terminate the loans or change coupon rates when changes occur in SCA’s financial key ratios.
SCA’s current debt, maturity profile, and liquidity reserves are shown in the following summary, SCA’s Debt 30th of June 2023.
SCA’s financing activities are to a large extent linked to or based on SCA’s sustainability efforts and the transition towards a fossil-free and circular society. So far SCA’s financing includes various bilateral loans based on SCA’s sustainable investments or assets, and also credit facility with link to SCA’s sustainability targets. In 2021 SCA established a green bond framework with the ambition to further diversify the green financing capabilities. The framework has a Second Party Opinion with a dark green shading from Cicero Shades of Green. Below are links to the framework, the second opinion, the SCA Green Bond Report's, and further information about SCA´s sustainability platform and the aligned targets.
SCA Green Bond Report 2022
SCA Green Bond Report 2021
SCA Green Bond Framework
SCA Green Bond Second Opinion
SCA Green Bond Investor Presentation – June 2021
More about Sustainability at SCA
Bank credit facilities
SCA has one syndicated credit facility of 5 billion SEK with a final due date in 2026. The facility is since December 2020 linked to SCA’s sustainability targets.
Some of SCA:s funding is conducted by issuing commercial paper programmes and bonds under the following public issues.
MTN 2023 programme information (in Swedish)
MTN 2022 programme information (in Swedish)
MTN 2021 programme information (in Swedish)
MTN 2020 programme information (in Swedish)
Supplemental prospectus 2020-09-11 (in Swedish)
Final terms MTN 104 (in Swedish)
Final terms MTN 105 (in Swedish)
Final terms MTN 106 (in Swedish)
Final terms MTN 107 Green (in Swedish)
Final terms MTN 108 Green (in Swedish)
Commercial paper programme information (in Swedish)
|Outstanding public issues under the MTN-programme, sorted by maturity date
||Floating rate interest (FRN)
||Floating rate interest (FRN)