Carlsberg has since 2019 used the Euro Commercial Paper (ECP) market to obtain short term funding. Carlsberg’s ECP programme maximum is EUR 750 million and each ECP note, which can have a maturity of up to 12 months, but typically is shorter than 6 months, is issued via one of the following appointed dealers:
- BNP Paribas
- Citigroup Global Markets Limited
- Société Générale
- Danske Bank A/S
- Nordea Bank AB (Publ)
Carlsberg does not provide an overview of its outstanding ECP portfolio on an ongoing basis.
Bloomberg ticker: CARLB ECP M-Mkt
Carlsberg’s short term rating can be found here.