Our financing strategy pursues various goals: a balanced structure and maturity of our debt capital, optimisation of our financing costs, maintenance of our credit rating and adequate liquidity at all times.
The success of our financing strategy is reflected in the following:
The flexibility and variety in financing achieved by the implementation of Vonovia ’s financial strategy will allow the business to achieve organic growth and to be further developed in an innovative manner using acquisitions in the future as well.
The responsibility for financing the Group as a whole and the Group companies individually lies with Vonovia . The latter raises the funds required, in line with the financing strategy, in a flexible manner on the international equity and debt capital markets. Within this context, Vonovia mainly makes use of its Dutch subsidiary Vonovia Finance B.V.
On the basis of the current investment grade rating granted by Standard & Poor’s, Vonovia now enjoys access to the equity and debt capital markets at all times, allowing it to ensure balanced and flexible financing with a balanced maturity profile in line with its financing strategy.
The financing structure that we have chosen is also confirmed to be the right one if we look at the acquisitions that were announced and completed since 2013. Without fast and free access to the international equity and debt capital markets, these would not be shown.