Financing

Our financial performance confirms the correctness of our value-creation strategy.

33.8%

LTV (excl. transfer taxes)

A-/A3

Financial ratings

7.7 years

Debt maturity

A solid financial structure

Our financial structure ensures solidity through controlled financial ratios, privileged access to various sources of financing, diversification of our financial resources, and a healthy cash position.

Debt structure as of June 30, 2022

Gecina's net debt is €7.0 billion. Gross debt breaks down as above.

Debt maturity breakdown at June 30, 2022 after taking into account unused revolving credit lines (€bn)

Covenants

At June 30, 2022 the Group's main covenants were:


	Benchmark standard	Balance at 06/30/2022
LTV Net debt / revalued block value of property holding (excluding duties)	Maximum 55 % / 60%	33.8 %
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

Find out more

Our latest financial transactions

Gecina successfully places a 500 million euro Green Bond issue with an 11-year maturity at 0.875%: Read the press release
Gecina successfully raises €500m with a 15-year Green Bond issue based on a coupon of 0.875%: Read the press release
100% of Gecina’s bond issues now transformed into Green Bonds: Read the press release
Gecina wants to transform 100% of its bonds into Green Bonds, within a global, dynamic and innovative approach: Read the press release
44% of Gecina’s bank lines are now responsible, representing 2 billion euros: Read the press release

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