Financing facilities
The below table specifies the Group’s financing facilities. In addition to these financing facilities, there are unutilized contractual credit frames for projects in Swedish tenant owner associations and Finnish housing companies of c. SEK 42 M.
| Financing Facility 30 Sep 2025 | Maturity | Amount (SEK M) | Utilized | Unutilized |
|---|---|---|---|---|
| Loan, EUR | <366 days | 201 | 201 | 0 |
| Loan, EUR | 2026 | 50 | 50 | 0 |
| RCF, EUR | 2026 | 78 | 78 | 0 |
| Loan, EUR | 2027 | 456 | 456 | 0 |
| RCF | 2027 | 2 652 | 1 759 | 893 |
| whereof EUR | 1 288 | |||
| whereof NOK | 472 | |||
| Bond | 2028 | 960 | 960 | 0 |
| Total | 4 397 | 3 504 | 893 | |
| 30 Sep 2025 | 5 452 | 4 519 | 933 |
Unutilised credits project specific financing
| 30 Sep 2025 | Frame (SEK M) | Utilized | Unutilized |
|---|---|---|---|
| Credits B&B | 562 | 247 | 315 |
| B2M Baltics | 253 | 253 | 0 |
| JV Sweden | 51 | 51 | 0 |
Credit and financial framework
Bonava has credit lines with banks in the form of overdraft facilities (364-day maturity). In addition, Bonava has financing frameworks for constructing tenant-owner associations and housing companies which covers expected project costs.
Construction finance for tenant-owner associations and housing companies
In Sweden, Bonava sells housing units in tenant-owner associations and in Finland in housing companies. As new projects start, Bonava establishes tenant-owner associations in Sweden and housing companies in Finland. The financing of these projects is usually secured in the form of project-related loans from banks, where loans are disbursed as construction progresses and generates costs. The tenant-owner associations or housing companies act as borrowers. These loans are recognised in Bonava’s balance sheet. Bonava has chosen to follow this accounting policy, as the only, or one of very few, players in the market, and the policy is a conservative way to reflect that Bonava believes it has a responsibility for the construction projects even though they do not legally belong to the Bonava Group.