​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 programmesLimit
​​Domestic Commercial Paper Programme

​1,000 million                                 


Outstanding bonds

​Amount Million​Issued​Maturity​Coupon
​USD 375​1997​2027​7,450% p.a.
​GBP 250​2002​2017​6,625% p.a.​(*
​USD 250​2003​2018​5,5000% p.a.​(*


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