Financing
The construction work for the fixed links across Storebælt and Øresund including the Danish landworks was financed through loans in domestic and foreign capital markets. These loans will be repaid over time through road revenue from the Storebælt Bridge and the Øresund Bridge as well as fees from Banedanmark for use of the rail links.
Loans raised by A/S Storebælt and A/S Øresund are guaranteed by the Danish state. The loans raised by Øresundsbro Konsortiet (the legal entity that extends loans to the Øresund Bridge) is guaranteed jointly and severally by the Danish and Swedish states. Øresundsbro Konsortiet’s loans merit an AAA rating from Standard & Poors.
The daily administration of finances
The Øresund bridge’s Finance Department handles the daily financial management of A/S Storebælt and A/S Øresund (owned by Sund & Bælt Holding A/S). Loans raised for these two companies are guaranteed by the Danish state and, therefore, are indirectly rated as Kingdom of Denmark (Aaa from Moody’s and AAA from Standard & Poor’s).
Both Øresundsbro Konsortiet and A/S Storebælt operate domestic MTN programmes.