Debt

Funding profile

Over the last years, Vesteda has significantly transformed its funding profile to a well-diversified fully unsecured funding structure, consisting of a combination of bank debt, private placements and public bonds.

Standard & Poor's rating

The unsecured debt profile allows Vesteda to secure debt funding through various debt markets at any point in time.

In April 2024 Vesteda's credit rating by Standard & Poor's was reconfirmed at “A-“ with a stable outlook. In August 2024 Standard & Poor's published an update on Vesteda.

A-

Stable/A-2

Documents

Reports

Financing strategy

Our financing strategy is substantiated by seven funding targets:

Leverage of ≤ 30%
Total fixed-rate and hedged floating rate exposure of ≥ 70%
Weighted average maturity of > four years
Diversified funding profile, with ≥ three funding sources
Sufficient liquidity headroom to refinance short-term debt (including maturing bonds and private placements), finance committed pipeline, and to accommodate redemption requests (Redemption Available Cash) according to the terms and conditions
Well-balanced maturity calendar with < 35% maturing in a single year
Asset encumbrance of < 15%

Vesteda Annual Reports