Note 28 – Funding
|SEK m||31 dec 2020||31 dec 2019|
|Deposits from the public||17,928||21,435|
|Total issued securities||6,355||5,900|
|Total interest-bearing debt||25,104||28,187|
Terms and conditions and repayment periods
|31 dec 2020||31 dec 2019|
|SEK m||Currency||Nominal interest rate||Maturity||Nominal value||Carrying amount||Nominal value||Carrying amount|
|Deposits from the public||SEK||0.50% - 1.75%||2020-2023||10,451||10,552||12,161||12,243|
|Deposits from the public||EUR||0.40% - 1.30%||2020-2025||7,329||7,376||9,152||9,192|
|Total interest-bearing liabilities||24,987||25,104||28,204||28,187|
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.
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.
Hoist Finance AB (publ) issued no secured debt in 2020.
Hoist Finance AB (publ) issued no subordinated debt in 2020.