35.1%
LTV (excl. transfer taxes)
A-/A3
Financial ratings
7.1 years
Debt maturity
Covenants
At December 31, 2019 the Group's main covenants were:
Benchmark standard |
Balance at 12/31/2019 |
|
---|---|---|
LTV Net debt / revalued block value of property holding (excluding duties) |
Maximum 55 % / 60% | 35.1 % |
ICR EBITDA / net financial expenses |
Minimum 2.0 x | 5.5 x |
Debt
Medium- and long-term debt
Discover the details of its bond issues.
Short-term debt
Discover the details of its short-term securities
Our latest financial transactions
Gecina successfully raises €400m on the bond market, with an average maturity of 10.1 years and an average yield of 0.47%
Gecina successfully places a 500-million euro bond issue with a 15-year maturity at 1.625% and launches a Tender Offer on three of its outstanding series of notes
Gecina sets up a sustainability performance-linked loan with Crédit Agricole CIB
Gecina concludes with ING France the first sustainable improvement loan indexed on its GRESB Rating
Gecina successfully carries out a new €500m bond issue with a 12-year maturity and 1.625% coupon
Bond tender offer finalized
Gecina successfully places a 700 million euro bond issue at 1.375% and opens an offer to redeem three outstanding bond issues
Financial rating
We are rated by two independent rating agencies: Standard & Poor's and Moody's. Their ratings confirm our solvency, and facilitate our access to financial markets.
Standard & Poor's rating | Moody's rating | |
---|---|---|
Long-term rating |
A- (outlook stable) |
A3 (outlook stable) |
Short-term rating |
A-2 |
|