Maturity Profile

Debt Maturity Profile (€m)

Debt Structure

Maturity KPIs

KPI / criteria Jun. 30, 2021 Mar. 31, 2021
Corporate rating (Scope) A- A-
Corporate rating (S&P) BBB+
BBB+
Corporate rating (Moody's) A3 -
LTV1 (Adj. net debt / fair value)
LTV (Adj. net debt incl. equity hybrid / fair value)
40.5%
42.0%
39.1%
40.8%
Net debt/EBITDA multiple2 12.3x 12.0x
Fixed/hedged debt ratio1 99% 99%
Average cost of debt1 1.26% 1.40%
Weighted average maturity (years)1 8.2 8.0
Most recent bond issuances (June 2021)
€0.5bn, 3.25 years
€1bn, 6 years
€1bn, 8.5 years
€1bn, 12 years
€0.5bn, 20 years


0.000%
0.375%
0.625%
1.000%
1.500%
Excl. equity hybrid.
2 Adj. net debt quarterly average over Adj. EBITDA Total (LTM), adj. for IFRS 16 effect.