Funding

Funding Sources

Avinor has several funding sources in the debt market. Since 2013, the group has had an EMTN (Euro Medium Term Note) program, which is the main source of medium to long-term financing in the euro and NOK market.

The group has an unused overdraft facility of 300 million kroner and an unused five-year drawdown facility of 4 billion kroner, both maturing in 2027.

Avinor has issued bonds listed on the Oslo Stock Exchange and the Luxembourg Stock Exchange, and Norway is chosen as the group's home state. The group follows the Norwegian recommendation for corporate governance, developed by NUES (Norwegian Corporate Governance Board), as far as it fits. The principles in the NUES recommendation are supplemented by the government's focus on corporate governance in the management of state ownership.

Avinor has official ratings from Moody's Investor Services (Moody's) and Standard & Poor's Rating Services (S&P).

Financing Strategy

The parent company Avinor AS is the issuer of new loans for the group, and new debt in wholly owned subsidiaries is provided through internal loans from Avinor AS.