Debt Financing The Group has adopted a centralized funding strategy whereby funding is primarily raised centrally by the parent company H & M Hennes & Mauritz AB. External debt structure and maturities To reduce refinancing risk the Group utilizes a variety of funding sources and an even distribution of maturities. The groups funding consists of loans and credit facilities from credit institutions and access to debt capital markets. Debt maturity profile as at 31 August 2021 Year Commercial papers Bonds (EMTN) Loans from credit institutions Unused credit facilities 2021 800 - 75 5,000 2022 275 - 165 - 2023 - - 2,031 4,000 2024 - - - 7,110 2025 - - - 4,000 2026 - - 2,000 - 2027 - - - - 2028 - - - - 2029 - 5,078 - - Total SEK m 1,075 5,078 4,271 20,110 Debt Capital Market Programmes Short Term Funding - Commercial paper (CP) programmes Programme SEK 7 billion - Swedish commercial paper programme Arranger Handelsbanken Dealers Handelsbanken, SEB and Danske Bank Links Programme (in Swedish) Programme GBP 1 billion - Euro-Commercial paper programme Arranger Barclays Dealers Barclays Links Programme Long Term Funding - Bond programmes Programme EUR 2 billion EMTN programme Arranger BNP Paribas Dealers BNP Paribas, Commerzbank, Danske Bank, SEB and Standard Chartered Links Offering Circular and Agency Agreement Listing Euronext Dublin Supplement(s) 12th of February 2021 Final Terms XS2303070911 (EUR 500M 0.25% 25-AUG2029) Constitutional Documents Articles of Association H & M Hennes & Mauritz AB Articles of Association H&M Finance B.V. Credit rating To ensure best possible terms on the debt capital markets, H&M Group has received a credit rating from Standard & Poor’s. H & M Hennes & Mauritz AB Credit Rating Agency Long Term Rating Short Term Rating Outlook S&P BBB A-2 Stable Contact us Media contacts Subscribe Privacy Notice Sitemap Cookie settings We care about your privacy By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Read more in our Privacy Policy Accept all cookies Only required cookies Cookie settings