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

Beslut prospektsarende- 23-19709 (PDF)

Saab AB (publ) - Grundprospekt 2023 (Final version) (PDF)

Registreringsbevis Saab (maskat) (PDF)

Beslut prospektsarende- 22-16603 (PDF)

Saab AB (publ) - Grundprospekt 2022 (Slutgiltig version) (PDF)

Reg.bevis Saab (maskat) (PDF)

Saab AB (publ) - Grundprospekt 2021 (PDF)

Registreringsbevis 2021-05-25 (PDF)

Beslut, FI dnr. 21-13668 (PDF)

MTN programme, Apr 2021, Term Sheet Loan 126 (PDF)

MTN programme, Apr 2021, Term Sheet Loan 125 (PDF)

MTN programme, Apr 2021, Term Sheet Loan 125 Tranche 2 (PDF)