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% |
1 Excl. equity hybrid.
2 Adj. net debt quarterly average over Adj. EBITDA Total (LTM), adj. for IFRS 16 effect.