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Saab Global

Debt market

The debt financing of the Saab Group is managed centrally by Group Treasury in order to ensure efficiency and risk control.

The main principles for the funding strategy of Saab are flexibility, diversification and anticipation of business requirements.

It is Saab Group’s policy that in order to meet business requirements the Group should always have free cash together with unutilized committed credit facilities on an amount of at least SEK 4 billion, adjusted for loans with maturity within 12 months.

However, the free cash shall never be less than the amount of the higher of:

  • 10 percent of Group turnover
  • The Risk Weighted Amount of all guarantees issued by banks with counter indemnities by SAAB

Market programs

Revolving Credit Facility (RCF)

In September 2021, Saab entered into Revolving Credit Facilities of SEK 6 billion. The total amount includes one SEK 4 billion RCF with maturity 2026 and one SEK 2 billion RCF with maturity 2023 with two one-year extension options. The following banks are part of the RCF group:

  • BNP Paribas
  • Citibank
  • Commerzbank
  • Credit Agricole
  • Danske Bank
  • First Abu Dhabi Bank
  • OP Group
  • Skandinaviska Enskilda Banken
  • Swedbank

Commercial Paper Program (CP)

The Commercial Paper program established in February 2008 allows Saab to borrow in SEK and EUR. The limit on the program was extended to MSEK 5,000, or its equivalent in EUR in June 2008.

Limit: MSEK 5,000
Arranger: Skandinaviska Enskilda Banken
Market Makers: Skandinaviska Enskilda Banken, Swedbank and Danske Bank

Prospectus, in Swedish only (PDF)

Tilläggsavtal (PDF)

Medium Term Note Program (MTN)

In order to enable long term borrowing from the capital market, Saab AB established an MTN program in 2009.

Limit: MSEK 10,000 
Arranger: Skandinaviska Enskilda Banken
Market Makers: Danske Bank, Nordea, Skandinaviska Enskilda Banken, AB SEK Securities

Listed Bonds
Loan No ISIN Maturity Amount Interest Final Terms
118 SE0010832758 2025-04-09 114 MSEK 3M + 1.53% Final Terms 118
Final Terms 118 T2
Final Terms 118 T3
126 SE0014783098 2026-05-11 250 MSEK 3M + 1.9% Final Terms 126
Final Terms 126 T2
124 SE0012676252 2027-03-22 300 MSEK 3M + 2.2% Final Terms 124
Final Terms 124 T2
125 SE0014783080 2028-05-05 350 MSEK 3M + 2.35% Final Terms 125
Final Terms 125 T2
133 SE0019176967 2028-11-20 1,050 MSEK 5.03% Final Terms 133
134 SE0019176975 2028-11-20 200 MSEK 3M + 1.65% Final Terms 134
Non Listed Bonds / Private Placements
Loan Number Maturity Amount
114 2026-01-22 1,000 MSEK
121 2028-03-06 275 MSEK
122 2029-03-06 275 MSEK
127 2029-09-24 450 MSEK
123 2030-03-06 275 MSEK
130 2030-05-30 380 MSEK
131 2031-05-30 500 MSEK
128 2031-09-24 450 MSEK
132 2032-05-28 500 MSEK
129 2033-10-07 500 MSEK
MTN Prospectus

Saab AB (publ) - Grundprospekt 2023

FI Beslut Grundprospekt 2023

Registreringsbevis Saab 2023

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