Maturity Profile
Debt Maturity Profile (€m)
Debt Structure
Maturity KPIs
| KPI / criteria | Mar. 31, 2020 | Dec. 31, 2020 |
|---|---|---|
| Corporate rating (Scope) | A- | A- |
| Corporate rating (S&P) |
BBB+ (BRP3: "excellent") |
BBB+ (BRP3: "excellent") |
|
LTV3 (net debt / fair value) LTV (net debt incl. equity hybrid / fair value) |
39.1% 40.8% |
39.4% 41.1% |
| Net debt/EBITDA multiple2 | 12.0x | 12.3x |
| Fixed/hedged debt ratio3 | 99% | 99% |
| Average cost of debt3 | 1.4% | 1.4% |
| Weighted average maturity (years)1 | 8.0 | 7.9 |
|
Most recent bond issuance Jan 2021: €500m, 20 years Mar 2021: €600m, 10 years (Green Bond) |
1.000% coupon 0.625% coupon |
1 BRP = business risk profile
2 Adj. net debt quarterly average over Adj. EBITDA Total (LTM), adj. for IFRS 16 effect.
3 Excl. equity hybrid
3 Excl. equity hybrid