rahoitusrakenne

FINANCING STRUCTURE

In the first quarter of year 2022, net interest-bearing debt decreased to EUR 159.5 million, and gearing fell to 118.8% (139.0%). The Group’s equity ratio at the end of the period was 31.4% (31.1%).

Net financial expenses in January–March totaled EUR -1.8 (-0.9) million. The impact of exchange rate fluctuations on the increase in financial expenses was EUR -0.9 million. The average rate of interest-bearing liabilities, excluding lease liabilities, was 1.3% (1.5%).

The Group’s liquidity position remained strong. Cash and cash equivalents were EUR 41.3 (17.7) million at the end of the review period. Committed revolving credit facilities, totaling EUR 40.0 million, were fully unused, as in the comparative period. EUR 20 (8) million of Aspo’s EUR 80 million commercial paper program were in use.

 

BONDS


On March 28, 2022, Aspo announced that it will exercise its right to withdraw the full hybrid loan of EUR 20 million with 8.75% interest issued on April 30, 2020. The hybrid loan was repaid on May 2, 2022.

In September 2019, Aspo Plc participated in a EUR 40 million group bond guaranteed by Garantia Insurance Company with a loan unit of EUR 15 million. The loan has a maturity of five years and a fixed annual coupon rate of 0.75%. In addition to the coupon rate, Aspo will pay an annual guarantee provision to Garantia. The proceeds from the loan unit will be used to cover the Group’s general financing needs.


Updated: 04.05.2022

Equity ratio and gearig

Maturity of loan agreements

Intrest bearing liabilities on March 31, 2022: 176 M€