Note 28 – Funding

SEK m31 dec 202031 dec 2019
Deposits from the public 17,92821,435
Senior debt 5,9595,431
Secured debt 396469
Total issued securities 6,3555,900
Subordinated debt 821852
Total interest-bearing debt 25,10428,187

Terms and conditions and repayment periods

    31 dec 202031 dec 2019
SEK mCurrencyNominal interest rateMaturityNominal valueCarrying amountNominal valueCarrying amount
Deposits from the publicSEK0.50% - 1.75%2020-202310,45110,55212,16112,243
Deposits from the publicEUR0.40% - 1.30%2020-2025 7,3297,3769,1529,192
Senior debtEUR1.125%2021 1,4841,4762,6082,567
Senior debtEUR2.750%2023 2,5092,4852,6082,551
Senior debtEUR3.375%20242,0081,998--
Senior debtEUR0.199%-0.203%2020 -313313
Secured debtEUR8.0%-15.0%2034 404396527469
Subordinated debtEUR3.875%2027 802821835852
Total interest-bearing liabilities    24,987 25,10428,20428,187

Retail funding

Deposits from the public

Hoist Finance AB (publ) has offered deposits for retail customers and corporates in Sweden since 2009 under the HoistSpar brand, where customers can save up to SEK 950,000. A new deposit programme was established in Germany in 2017, with customers allowed to save up to EUR 100,000. The Swedish and German deposit products offer both current account and fixed-term deposits, with the majority (99 per cent) of all deposits covered by the Swedish deposit guarantee. At year-end 2020, Hoist Finance AB (publ) had SEK 5,161m and SEK 5,391m in current account and fixed-term deposits in SEK, respectively, and SEK 261m and SEK 7,115m in current account and fixed-term deposits in EUR, respectively.

Wholesale funding

Senior debt

EUR 200m of new debt was issued under the Company’s EMTN programme in 2020, and EUR 102m of the outstanding bond maturing in 2021 was repurchased. At year-end Hoist Finance AB (publ) had three outstanding senior unsecured bond loans totalling EUR 598m under the EMTN programme. There were no outstanding issues under the commercial paper programme as at year-end 2020.

Secured debt

Hoist Finance AB (publ) issued no secured debt in 2020. 

Subordinated debt

Hoist Finance AB (publ) issued no subordinated debt in 2020.

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- Annual Report 2020 -
- Årsredovisning 2020 -