Debt structure and liquidity

Debt Structure on 31 March 2025


TVO Group Debt Structure

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

MEUR
Public bonds 3,050
EMTN Private Placements 597
Loans from financial institutions 276
US Private Placements 280
Commercial papers 13
Total 4,216

Debt Maturity Profile

Year 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035- Total
MEUR 25 676 901 612 284 623 600 215 105 0 175 4,216

Maturity of Credit Commitments


Liquidity on 31 March 2025


Liquid funds

Cash and cash equivalents EUR 158 million.

Short term financing

Finnish Commercial Paper Programme EUR 1,000 million. Emitted amount EUR 13 million.

Committed credit facilities

On 31 March 2025, TVO had undrawn credit facilities amounting to EUR 1,000 million.