KEY METRICS | 30 June 2015 |
---|---|
Gearing (look through basis) | 34.8% 1 |
Weighted Average Debt Maturity | 6.1 years |
Investment Grade Ratings | A1 (Stable) Moody's A (Stable) S&P |
BOND COVENANTS | Requirement | 30 June 2015 |
---|---|---|
Net Debt / Net Assets | Not greater than 65% | 36.4% 2 |
Secured Debt / Total Assets | Not greater than 45% | 0.7% |
Interest Coverage | At least 1.5 times | 3.4 times 3 |
Unencumbered Leverage | Not less than 125% | 269% |
1. On a pro forma basis post sale of four Australian assets gearing would be 33.1%
2. On a pro forma basis post sale of four Australian assets Net Debt/ Net Assets would be 34.7%
3. For the 12 months to 30 June 2015.