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 30 September 2018 the bond loans for a total amount of € 60 million had a fixed interest rate and Intervest concluded interest rate swaps for a total notional amount of € 225 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.

As at 30 September 2018, 73% of Intervest’s credit lines consist of financing with fixed interest rate or financing fixed by interest rate swaps, 27% includes a variable interest rate.

As at 30 September 2018, the hedging ratio of withdrawn financing is 82% and 18% of the financing is at a variable interest rate.