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 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 € 265 million. In addition, Intervest has credit facility agreements with a fixed interest rate for a total amount of € 32 million with an initial duration of 10 years and 7 years.

59% of Intervest’s credit lines consist of financing with fixed interest rate or financing fixed by interest rate swaps, 41% includes a variable interest rate.

The hedging ratio of withdrawn financing is 81% and 19% of the financing is at a variable interest rate.