Debt Programmes and Public Bonds

UPM's short term funding consists of drawings under bank facilities and issuance under commercial paper programmes.

For medium and long term funding UPM borrows from the bank market, insurance companies and the capital markets.

Debt programmes	Limit
Domestic Commercial Paper Programme.pdf	1,000 million

Amount Million	Issued	Maturity	Coupon
USD 375	1997	2027	7,450% p.a.
GBP 250	2002	2017	6,625% p.a.	(*
USD 500	2002	2014	5,625% p.a.	(*
USD 250	2003	2018	5,500% p.a.	(*

(* Issued under the "Global Medium Term Note Programme"

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