Breakdown of loans on 31 December 2020
EUR Bonds 4,158 MEUR (43%)
SEK Bonds 100 MEUR (1%)
Financial institutions 2,576 MEUR (27%)
Other long-term debt 1,591 MEUR (17%)
Short-term debt 1,182 MEUR (12%)
Total 9,607 MEUR
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.