Debt Maturity Profile (€bn)²

Debt Structure

Maturity KPIs

KPI / criteria March 31, 2024 December 31, 2023 December 31, 2022
Corporate rating (Scope) Outlook: negative A- A- A-
Corporate rating (S&P) Outlook: stable BBB+ BBB+ BBB+
Corporate rating (Moody's) Outlook: stable Baa1 Baa1 Baa1
Corporate rating (Fitch) Outlook: stable BBB+
Fixed/hedged debt ratio 99% 98% 96%
Average cost of debt 1.8% 1.7% 1.5%
Weighted average maturity (years) 6.9 6.9 7.4
Average fair market value of debt 89% 89% 83%


1 SSD = Schuldscheindarlehen (promissory notes), ISV = Inhaberschuldverschreibungen (bearer bonds), NSV = Namensschuldverschreibungen (registered bonds); Bond-Overview: https://www.vonovia.com/en/investors/creditor-relations/bonds
KPI / criteria June 30, 2023 December 31, 2022
Corporate rating (Scope) Outlook: negative A- A-
Corporate rating (S&P) Outlook: stable BBB+
BBB+
Corporate rating (Moody's) Outlook: stable A3 Baa1
Fixed/hedged debt ratio 96% 96%
Average cost of debt 1.6% 1.5
Weighted average maturity (years) 6.9 7.4
1 SSD = Schuldscheindarlehen (promissory notes), ISV = Inhaberschuldverschreibungen (bearer bonds), NSV = Namensschuldverschreibungen (registered bonds)
2 June 30, 2023, adjusted for €0.9bn liability management and €0.4 repayment July 2023 bond.