Financing

The purpose of Caruna’s financing operations is to guarantee the Group’s operations in the long-term and to ensure that the network improvement programme can be carried out as planned. To achieve this, the company arranges highly diversified funding from several capital markets.

Financial Documentation

Electricity distribution is a capital-intensive sector. The network improvement programme to be completed by the end of 2036 will require continuous additional financing. Caruna’s debts amount to more than three billion euros, of which over two billion consist of external loans and approximately EUR 800 million is in shareholder loans.

Caruna’s credit rating

Standard & Poors has assigned Caruna its long-term corporate credit rating at BBB, Outlook stable.

Loan Documentation

News

News
Caruna Group 1 January – 30 June 2023: Caruna continued to invest in Finnish energy transition despite inflation and increasing costs in operating environment
News
Caruna in 2022: the energy crisis raised costs and accelerated the ongoing energy transition
Press release
Caruna Group 1 January – 30 June 2022: Significant changes in the operating environment – the energy transition requires development of the electricity network at a rapid rate
Press release
Noora Neilimo-Kontio appointed as Caruna's CFO and deputy CEO
Press release
Jyrki Tammivuori appointed CEO of Caruna as of 13 May 2022
Press release
Caruna's Annual Report 2021 published

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