Hemsö establishes EUR 700 million Euro Commercial Paper Programme

"By establishing the ECP Programme, we are diversifying our funding sources and gaining access to a broader international investor base. With a significant share of our operations and assets located in the euro area, expanding our short-term funding capabilities in euro is a natural step," says Carl-Johan Strandberg, Group Treasurer at Hemsö.

The ECP market is a well-established international market for short-term funding. The programme enables Hemsö to raise funding with maturities of up to 12 months, providing additional flexibility in its liquidity and debt management.

Short-term borrowings under the programme will be fully backed by long-term committed credit facilities, supporting Hemsö's strong liquidity position. In addition, Hemsö is currently in the process of increasing its committed credit facilities by SEK 3 billion to a total amount of SEK 18 billion.

The programme has been assigned an A-2 short-term credit rating by S&P Global Ratings.

J.P. Morgan acted as Arranger of the programme. The appointed Dealers are J.P. Morgan, BNP Paribas, Barclays and Goldman Sachs.

For more information please contact:
Carl-Johan Strandberg, Group Treasurer                           +46 (0)8-501 171 16
Elin Ulfhammer, Communications strategist                       +46 (0)31-704 24 56