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)
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 |