Credit Market Information

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Our Financing Strategy

As our real estate investments are of a long-term nature, with rental agreements usually having a term of more than 25 year, our aim is for long-term financing with average durations of more than 10 years. In doing so we seek to ensure balanced maturity profiles across all maturity bands.

Operational cash flow at BIG essentially being stable in the long term and in EUR we want as high a share of financing as possible to be at fixed rates in EUR. In other words all long-term financing of 1 year and up is hedged with interest rates in EUR and long-term financing is to account for 90% of indebtedness. This is generally achieved through public bonds or private placements on the basis of our EMTN programme.

To guarantee flexibility of our corporate financing and liquidity management while utilising a generally more favourable short-term interest-rate level we also want to generate a minimum of 10% indebtedness in the money market, essentially through cash advances and commercial paper programmes.

Our financing strategy is based on a Moody AAA Rating.