Investor Relations

Debt Financing

Yara uses different sources to access the debt market to achieve financial flexibility. The table below provides a split of the gross interest bearing debt.
NOK million  30 Sep 2017  31 Dec 2016
Bank loans and overdraft facilities 6,458 3,847
Commercial papers  0  0
Unsecured debenture bonds  11,457 12,074
Other 588 634
Total 18,503  16,555

Yara does not have specific debt ratio targets but aims at having a medium grade credit rating. The only financial covenant is to have a debt to equity ratio below 1.4. The ratio was 0.22 at the end of 3Q 2017.

Yara has official ratings from Moody's Investor Services (Moody's) and Standard & Poor's. Rating details can be found in the Rating section. Information on Yara's bonds can be found in the Bonds section.

Rating reports to be found under Reports and Presentations / Bond roadshow:

Reports and Presentations

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