Financing is an importal pillar of the Vastned strategy. Vastned pursues a conservative financing strategy wiht amongst others a loan-to-value between 35%-45% and broadening of the financings resources to become less dependable on bank financing. Vastned will therefore increase the sources of alternative financing by e.g. private placements and in April 2014 Vastned placed a convertible bond with a duration of five years.

Financing goals

Vastned formulated the following financing goals:
- A loan-to-value between 35%-45%
- A maximum of 1/3 of the loan portfolio has a variable interest rate
- At least 25% of the loan portfolio consists of non-bank financing

Convertible bond

ISIN code: XS1054643983
Duration: five years
Coupon: 1.875%
Conversion price: 30% above reference price
Listing on the Frankfurt exchange