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.

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