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Debt information

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Cegereal has a strong financial profile, with healthy balance sheet and sound financial ratios.

Debt structure

Financing optimised in 2016:

Amount: €525m

  • Maturity: 2021
  • All-in cost: 1.35%
  • CeGeREAL’s main financial ratios as at 12/31/18:
    LTV: 54% vs. 70% covenant
    ICR: 5.2x vs. 2.0x covenant

Amount: €100m

  • Maturity: 2021
  • All-in cost: 1.50%
  • CeGeREAL’s main financial ratios as at 12/31/18: 
    LTV: 55.8% vs. 70% covenant 
    ICR: 3.2x vs. 1.15x covenant

Amount: €148,5m

  • Maturity: 2022
  • All-in cost: 1.20%
  • CeGeREAL’s main financial ratios as at 12/31/18:  
    LTV: 67% vs. 70% covenant  
    ICR: 4.1x vs. 1.25x covenant

Financial ratios

Interest coverage ratio (Projected net rental income/Interest expenses)

Loan-to-value (Non-current borrowings/adjusted net assets)