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AFRY’s main financing:

  • A Multi-Currency Revolving Credit Facility (RCF) was established in October 2023. The facility amounts to SEK 2,500 million and has a tenor of 3+1+1 years.
  • Six issued senior unsecured bonds for a total of SEK 4,300 million.
  • An MTN programme for a total amount of SEK 5,000 million.
  • A Swedish Commercial Paper Programme. The programme gives AFRY the option to issue commercial paper for a total amount of SEK 2,000 million with a term of up to 12 months.
  • A term loan of EUR 50 million as of December 2021 with a tenor of 7 years.
  • A term loan of 500 MSEK was established in April 2022 with a tenor of 3 years.
  • A term loan of 50 MEUR was established in April 2022 with a tenor of 5 years.
  • A term loan of 500 MSEK was established in June 2022 with a tenor of 7 years.

Further information on AFRY’s capital market financing

MTN Programme

AFRY AB established a Medium-Term Note (MTN) programme in June 2018. In June 2019 AFRY AB decided to update the MTN programme and increased the framework amount of its MTN programme from SEK 3 billion to SEK 5 billion. AFRY AB decided in April 2023 to update its base prospectus with an unchanged framework amount of SEK 5 billion. Please scroll down to find the programme prospectus and the final terms for issued bonds.

Final terms

Bond nr. 104 2019-2024 (in Swedish)

Bond nr. 105 2021-2026 (in Swedish)

Bond nr. 106 2023-2026 (in Swedish)

Bond nr. 107 2024-2029 (in Swedish)

Bond nr. 108 2024-2029 (in Swedish)

Commercial Paper Programme

Since May 2017, AFRY has had a Commercial Paper Program. AFRY has in June 2019 decided to increase the framework amount from MSEK 1,000 to MSEK 2,000. AFRY has available credit facilities that cover all outstanding commercial paper at all times. Please find below the programme prospectus of the Commercial Paper Programme.

Key overview of the CP-programme:

Start: May 2017
Size: SEK 2,000,000,000
Term: Maximum of one year
Interest terms: The interest that applies on the money market for the corresponding type of commercial paper at the time of issue
Applicable legislation: Swedish
Organiser: Svenska Handelsbanken
Other issuing institutions: SEB
Issuing and Paying Agent: Svenska Handelsbanken
Clearing system: Euroclear Sweden


Bo Sandström - Ekonomi- och finansdirektör

Bo Sandström


Employed: 2022
Born: 1975
Education: MSc in Engineering Physics and BSc in Business and Economics
Professional experience: CFO of ICA-handlarnas Förbund, Telia Sweden, SATS Group and Scandinavian Airlines Sweden. Management consultant with McKinsey & Company.
Shareholding: 7,000 B shares