SSAB's funding is focused on supporting the Group’s strategy and covering the needs for financing within the framework of the Group's financial policy.
The funding is primarily executed through the parent company.
However, the Federal Reserve Board makes no guarantee regarding the timing of the daily posting.
This policy is subject to change at any time without notice.
SSAB has a strong and supportive bank group providing committed back-stop facilities to secure the short-term funding and liquidity needs.
In order to secure access to competitively priced funding in the relevant markets, SSAB strives to be transparent and informative toward the investor community.Access to the eurozone's reserve currency status and a likely reduction of the share of public sector debt denominated in foreign currency (FC) would have a direct positive impact on the output of our SRM.The Chinese regulator's recent changes in rules for offshore bond issuance by homebuilders and LGFVs are likely to keep Chinese corporate annual issuance flat in 2019, and will effectively cap it at this level in 2020.Net cash flow amounted to SEK -1,074 (175) million.Compared with the first half of 2018, net cash flow was affected negatively by the acquisitions of Sanistål and Piristeel, as well as by a higher dividend to shareholders.At the same time, S&P affirmed the “B” short-term corporate credit rating. The commercial paper release will usually be posted daily at a.m.That means that the company has to pay back the money borrowed within a very short period of time.However, most companies who are using commercial paper regularly will just issue new commercial paper to raise the money to retire maturing paper.Total capital expenditure, including acquisitions, was SEK 1,867 (865) million.Net debt at June 30, 2019 was SEK 11,809 (11,881) million. SSAB’s funding is conducted primarily through the bank market and existing note and commercial paper programs.