Sampo Group

Annual Report 2011
Group Solvency 
Outlook

Debt Financing

Sampo plc´s debt financing at the end of 2011 amounted to EUR 2,329 million and interest bearing assets including bank accounts to EUR 1,121 million. During the year the net debt increased to EUR 1,208 million (1,016). Gross debt to Sampo plc’s equity was 35 per cent (26).

As at 31 December 2011 financial liabilities in Sampo plc’s balance sheet consisted of issued senior bonds and notes of EUR 1,677 million and EUR 652 million of outstanding CPs issued. During 2011 Sampo plc focused on diversifying the maturity structure of its outstanding debt by three smaller issues maturing in 2013, 2014 and 2016, respectively. The average interest on Sampo plc’s debt as of 31 December 2011 was 3.73 per cent.


Group Solvency 
Outlook