External debt structure and maturities
All external borrowings for Atlas Copco AB are handled by Financial Solutions. The department is responsible for ensuring that each legal unit in the Atlas Copco Group has access to adequate financing on acceptable terms.
Credit rating
Atlas Copco AB has debt rating A+ from Fitch and A+ from Standard & Poor’s Corporation regarding long-term debt.
| Rating Agency | Long / Short-term Rating | Since | Website |
|---|---|---|---|
| Fitch | A+ / F1+ | 2019 | http://www.fitchratings.com/ |
| Moody’s | A1 / P1 | 2023* | http://www.moodys.com/ |
| S&P | A+ / A-1 | 2018 | http://www.standardandpoors.com/ |
| * Moody's rating is on an unsolicited basis since 2015 | |||
Debt program
To ensure access to funding in different currencies and maturities, Atlas Copco AB has several different debt programs outstanding such as commercial papers, Euro Medium Term Notes (EMTN) and a committed credit facility.
Short Term Funding- Commercial Paper (CP) Program
| Program | SEK 10 billion SCP Program |
|---|---|
| Arranger | SEB |
| Dealers | Danske Bank, Handelsbanken, Nordea, SEB |
Back-up Facilities
| Facility | EUR 640 million Multi-Currency Revolving Credit Facility |
|---|---|
| Arrangers | Bank of China, BNP Paribas, Citigroup, Danske Bank, Deustche Bank, Handelsbanken, Skandinaviska Enskilda Banken and Nordea Bank |
| Maturity | 2026 |
| Facility | EUR 1 billion Multi-Currency Revolving Credit Facility |
|---|---|
| Arrangers | BNP Paribas, Skandinaviska Enskilda Banken, Nordea Bank, Bank of China, Danske Bank, Deutsche Bank and Citibank |
| Maturity | 2026 |
Public bonds outstanding
Atlas Copco AB’s bonds are typically issued in foreign currency, in order to hedge translation risks from the operations. Stringent credit policies are applied and no major concentration of credit risk exists in Atlas Copco AB.
Outstanding EUR bond
| Issue | EUR 2026 | EUR 2029 | EUR 2032 |
|---|---|---|---|
| ISIN-code | XS1482736185 | XS2046736752 | XS0896144655 |
| Documentation | EMTN | EMTN | EMTN |
| Amount | EUR 500 million | EUR 300 million | EUR 500 million |
| Issued | August 23, 2016 | September 3, 2019 | January 28, 2022 |
| Coupon | 0.625% | 0.125% | 0.750% |
| Maturity | August 30, 2026 | September 3, 2029 | February 8, 2032 |
| Listing | London | Dublin | Dublin |
| Joint Bookrunners | Citigroup, Danske Bank, SEB, Deutsche Bank |
Citigroup, BNP Paribas, SEB | BNP Paribas, Deutsche Bank, Nordea, SEB |
Q4 2023 Key figures
Q4 2023 Key figures
- Filename
- 20240125-q4-2023-key-figures.pdf
- Size
- 226 KB
- Format
Atlas Copco - EMTN Programme Update 2024 - Base Prospectus
Atlas Copco - EMTN Programme Update 2024 - Base Prospectus
- Filename
- atlas-copco–emtn-programme-update-2024–base-prospectus.pdf
- Size
- 586 KB
- Format
Atlas Copco - EMTN Programme Update 2023 - Base Prospectus
Atlas Copco - EMTN Programme Update 2023 - Base Prospectus
- Filename
- atlas-copco-emtn-programme-update-2023-base-prospectus.pdf
- Size
- 1 MB
- Format
Atlas Copco - EMTN Programme Update 2021 - Base Prospectus
Atlas Copco - EMTN Programme Update 2021 - Base Prospectus
- Filename
- Atlas Atlas Copco - EMTN Update 2021 - Base Prospectus - Final-July.pdf
- Size
- 966 KB
- Format
Atlas Copco - EMTN Programme Update 2019 - Base Prospectus
Atlas Copco - EMTN Programme Update 2019 - Base Prospectus
- Filename
- atlas-copco-emtn-programme-update-2019-base-prospectus.pdf
- Size
- 881 KB
- Format
Atlas Copco - EMTN Programme Update 2016 - Base Prospectus
Atlas Copco - EMTN Programme Update 2016 - Base Prospectus
- Filename
- atlas-copco-emtn-programme-update-2016-base-prospectus.pdf
- Size
- 491 KB
- Format
Atlas Copco - EMTN Programme Dated 2019 - Deed of Guarantee
Atlas Copco - EMTN Programme Dated 2019 - Deed of Guarantee
- Filename
- atlas-copco-EMTN-programme-dated-2019-deed-of-guarantee-executed.pdf
- Size
- 134 KB
- Format
AGENCY AGREEMENT - Atlas Copco EMTN Update 2021
AGENCY AGREEMENT - Atlas Copco EMTN Update 2021
- Filename
- AGENCY AGREEMENT - Atlas Copco EMTN Update 2021 (EXECUTED).pdf
- Size
- 1 MB
- Format
DEED OF COVENANT - Atlas Copco EMTN Update 2021
DEED OF COVENANT - Atlas Copco EMTN Update 2021
- Filename
- DEED OF COVENANT - Atlas Copco EMTN Update 2021 (EXECUTED).pdf
- Size
- 560 KB
- Format
PROGRAMME MANUAL - Atlas Copco EMTN Update 2024
PROGRAMME MANUAL - Atlas Copco EMTN Update 2024
- Filename
- programme-manual-atlas-copco-emtn-update-2024.pdf
- Size
- 727 KB
- Format
Atlas Copco – EMTN Programme Update 2021 – Supplement to Base Prospectus
Atlas Copco – EMTN Programme Update 2021 – Supplement to Base Prospectus
- Filename
- atlas-copco-supplement-to-emtn-base-prospectus.pdf
- Size
- 220 KB
- Format