In the present environment, Befimmo will ensure not to exceed an LTV ratio of around 45%.
As at 31 December 2021
40.9 % LOAN-TO-VALUE
43.1 % DEBT RATIO
4.1 years WEIGHTED AVERAGE DEBT DURATION
1.8 % AVERAGE ANNUALISED FINANCING COST
€1,471 million CONFIRMED CREDIT FACILITIES
76.8 % FIXED-RATE DEBTS (INCL. IRS)
Green Finance Framework
Befimmo announces the implementation of its Green Finance Framework in support of its strong commitment to ESG. The framework is a natural and logical extension of all sustainability and environmental actions the company undertakes.
Under this framework, Befimmo, or any of its subsidiaries, may issue Green Bonds, Green Private Placements or Green Bank Financing to drive its sustainability targets. By doing so, Befimmo is anchoring sustainability into its financing activities.
On 21 June 2021, the Standard & Poor’s rating agency confirmed the rating of BBB/outlook stable for Befimmo’s long-term borrowings and A-2 for its short-term borrowings.
On 2 March 2022, Befimmo's rating was downgraded to "CreditWatch Negative" following the announcement of the takeover bid by Brookfield.