Debt investors

Funding profile

Over the last years, Vesteda has significantly transformed its funding profile to a well-diversified fully unsecured funding structure, consisting of a combination of bank debt, private placements and public bonds.

Vesteda Investor Presentation April 2020

Standard & Poor's rating

The unsecured debt profile allows Vesteda to secure debt funding through various debt markets at any point in time. Vesteda has an investment grade rating of "BBB+" from Standard & Poor's.

BBB+

Stable/A-2

S&P rating report May 2020

Financing strategy

Our financing strategy is substantiated by seven funding targets:

Leverage of ≤ 30%
Total fixed-rate and hedged floating rate exposure of ≥ 70%
Weighted average maturity of > four years
Diversified funding profile, with ≥ three funding sources of at least 10% individually
Sufficient liquidity headroom to refinance short-term debt (including maturing bonds and private placements), finance committed pipeline, and to accommodate redemption requests (Redemption Available Cash) according to the terms and conditions
Well-balanced maturity calendar with < 35% maturing in a single year
Asset encumbrance of < 15%

Find more information about our financing in the Vesteda Annual Report