Interest cover

For composition of the loan portfolio, Intervest’s strategy consists of achieving a ratio of 20% borrowed capital with a variable interest rate and 80% borrowed capital with a fixed interest rate.

As at 31 March 2019 the bond loan for an amount of € 35 million has a fixed interest rate and Intervest concluded interest rate swaps for a total notional amount of € 250 million. In addition, Intervest has a credit facility agreement with a fixed interest rate for an amount of € 7 million with an initial duration of 10 years.

65% of Intervest’s credit lines consist of financing with fixed interest rate or financing fixed by interest rate swaps, 35% includes a variable interest rate.

The hedging ratio of withdrawn financing is 80% and 20% of the financing is at a variable interest rate.