Capital market confidence

PostNord is a Swedish public company owned 40% by the Danish State and 60% by the Swedish State. Votes are allocated 50/50 between the owners. Operations are financed via external loans in addition to internally generated funds.

PostNord’s operations are funded in part by external borrowing. PostNord established a commercial paper program and a bond program in 2012. Additional loans were raised through these programs in 2013. External financing in the form of interest-bearing debt totaled SEK 4,589m (4,312) at turn of the year 2013/14. Most investors in PostNord’s bond program are institutional investors such as pension funds and insurance companies. The bonds are listed on NASDAQ OMX Stockholm.

For investors and analysts that are monitoring PostNord’s creditworthiness due to the group’s external borrowing, it is important that disclosure is accurate, relevant and timely. Investor confidence and assessment of PostNord’s credit rating are prerequisites for PostNord’s future access to external capital to implement planned changes.