Debt financing and Credit rating
ASSA ABLOY has a centralized funding strategy where funds are raised mainly by ASSA ABLOY AB and ASSA ABLOY Financial Services AB.
Debt
ASSA ABLOY has a centralized funding strategy where funds are raised mainly by ASSA ABLOY AB and ASSA ABLOY Financial Services AB. The aim is to utilize a variety of funding sources and distribute the maturities over time. In this way refinancing risk is managed, while the possibility to use excess cash to repay outstanding debt is retained.
The Group uses a minimum target of 18 months for the capital duration of the debt portfolio. At year-end 2023 the average time to maturity for the Group’s interest-bearing liabilities, excluding the pension provision and lease obligations, was 52 months (37). Issuances in debt capital markets are key tools in the funding strategy, and issuances of bonds are primarily done under the Global MTN Program. Long-term bank loans are used to further diversify the funding sources.
Debt Capital Market programs
To ensure access to funding in different currencies and maturities, ASSA ABLOY has several different debt programs outstanding such as Commercial Papers and Global Medium Term Notes (GMTN).Debt structure
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