Debt Financing

The Group has adopted a centralized funding strategy whereby funding is primarily raised centrally by the parent company H & M Hennes & Mauritz AB.

External debt structure and maturities

To reduce refinancing risk the Group utilizes a variety of funding sources and an even distribution of maturities. The groups funding consists of loans and credit facilities from credit institutions and access to debt capital markets.

 

Debt maturity profile as at 31 May 2020

Year
Loan from credit institutions
Commercial papers Unused credit facilities
2020 185 5,180 -
2021 14,751 - 7,163
2022 400 - -
2023 2,107 - 2,000
2024 - - 7,374
2025 - - 2,000
2026 2,000 - -
Total SEK m 19,443 5,180 18,537

 

Debt Capital Market Programmes


Short Term Funding - Commercial paper (CP) programmes

Programme SEK 7 billion - Swedish commercial paper programme
Arranger Handelsbanken
Dealers Handelsbanken, SEB and Danske Bank
Links Programme (in Swedish)  

 

Programme GBP 1 billion - Euro-Commercial paper programme
Arranger Barclays
Dealers Barclays
Links Programme 

 

Long Term Funding - Bond programmes

Programme EUR 2 billion EMTN programme
Arranger
BNP Paribas 
Dealers BNP Paribas, Commerzbank, Danske Bank, SEB and Standard Chartered       
Links Offering Circular and Agency Agreement
Listing Euronext Dublin

 

Constitutional Documents

Articles of Association H & M Hennes & Mauritz AB

Articles of Association H&M Finance B.V.

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