Debt structure and liquidity

Debt Structure on 31 March 2026


TVO Group Debt Structure

(Loan from the Finnish State Nuclear Waste Management Fund not included)

MEUR
Public bonds 2,635
EMTN Private Placements 597
Loans from financial institutions 350
US Private Placements 280
Commercial papers 100
Total 3,962

Debt Maturity Profile

Year 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036- Total
MEUR 111 437 837 284 637 614 229 619 14 92 90 3,962

Maturity of Credit Commitments


Liquidity on 31 March 2026


Liquid funds

Cash and cash equivalents EUR 150 million.

Short term financing

Finnish Commercial Paper Programme EUR 1,000 million. Emitted amount EUR 100 million.

Committed credit facilities

On 31 March 2026, TVO had undrawn credit facilities amounting to EUR 1,090 million.