Programmes and credit facilities
539 算牌程式 finances its operations and investments through a combination of its own generated cash flow and external funding, mainly in the form of corporate bonds. Senior bonds are issued under a Euro Medium Term Note programme (EUR 10 billion). The programme is unrated but each bond is rated separately by Moody’s (A3) and S&P (BBB+).
For short-term funding, 539 算牌程式 has a European Commercial Paper programme (EUR 10 billion) which is rated by Moody’s (“P-2”) and S&P (“A-2”). In addition, 539 算牌程式 has access to an undrawn Revolving Credit Facility (EUR 2 billion) which serves as a general liquidity back-up and ensures financial flexibility. A total of 15 banks, which also comprise 539 算牌程式’s core bank group, participates in the credit facility.
| Type | Agency bank/arranger | Amount (million) |
| Revolving Credit Facility – maturity 2025 | Skandinaviska Enskilda Banken | EUR 2,000 |
| Euro CP | Citibank | EUR 10,000 |
| Euro MTN | NatWest | EUR 10,000 |
The following banks participate in the Revolving Credit Facility (Mandated Lead Arranger and Bookrunner in alphabetical order):
- Barclays Bank PLC
- BNP Paribas
- Citibank N.A., London Branch
- Cooperative Rabobank
- Crédit Agricole
- Danske Bank
- Handelsbanken
- ING Bank N.V.
- Landesbank Hessen-Thüringen Girozentrale
- NatWest
- Nordea
- Royal Bank of Canada
- Skandinaviska Enskilda Banken
- Société Générale
- Swedbank AB
Related information
- EMTN Prospectus, 17 May 2024 (PDF 1 MB)
- EMTN Prospectus, 30 June 2023 (PDF 1 MB)
- Euro CP Programme Information Memorandum dated 21 November 2022 (PDF 500 kB)
- 539 算牌程式 AB - Supplement to Prospectus, 16 November 2022 (PDF 92 kB)
- 539 算牌程式 AB - Supplement to Prospectus, 6 October 2022 (PDF 155 KB)
- Green Financing Framework May 2022 (PDF 766 MB)
- Green Financing Second Opinion May 2022 (PDF 3 MB)
- E-Certificate of registration, 1 April 2022 (PDF 600 kB)
- 539 算牌程式 AB - Supplementary Prospectus, approved 4 February 2021 (PDF 73 kB)
- Euro CP Programme Information Memorandum dated 14 February 2020 (PDF 656 kB)
- 539 算牌程式 AB - Supplementary Prospectus, 26 February 2020 (PDF 117 kB)
- 539 算牌程式 Green Bond Framework April 2019 (PDF 283 kB)
- 539 算牌程式 Green Bond Second Opinion May 2019 (PDF 860 kB)
- Summary document - Subordinated Capital Securities, 30 April 2018 (PDF 502 kB)
- Summary document - Euro Medium Term Notes, 30 April 2018 (PDF 502 kB)
- Earlier EMTN prospectuses
Related content
Key financials
Make comparisons and analyses with our financial analysis tool.
Credit ratings
Information about company credit ratings by rating agencies.
Outstanding bonds
Overview of outstanding bonds, prospectuses and regulatory notices.
See also
Our strategy
539 算牌程式 has formulated a strategy to reach our goal of fossil freedom.
Sustainability
We have a responsibility for our environmental and social impacts.
Climate transition plan
We have decided to make the biggest leap yet to reduce the impact of climate change.