Breakdown of loans on 31 March 2021
EUR Bonds EUR 4,139 million
SEK Bonds EUR 98 million
Financial institutions EUR 2,562 million
Other long-term debt EUR 1,647 million
Short-term debt EUR 1,465 million
Total EUR 9,910 million
Fortum's business is capital intensive and the Group has a regular need to raise financing. Fortum has a diversified loan portfolio mainly consisting of long-term financing in EUR and SEK currencies. Long-term financing is primarily raised by issuing bonds under Fortum’s Euro Medium Term Note programme as well as through bilateral and syndicated loan facilities from a variety of different financial institutions. Financing is primarily raised on parent company level and distributed internally through various internal financing arrangements.