Capital/Financing Update • Jan 18, 2019
Capital/Financing Update
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Taco de Groot, Vastned CEO: 'The letting of Calle Serrano 36 in Madrid that was announced in December 2018 was finalised last week. We are proud that we have been able to attract Sephora, LVMH's renowned cosmetics brand, for this core city asset in Madrid. We have also been working on refinancing existing loans. For this, we have placed a new long-term bond loan of 2 50 million with Pricoa Capital Group, which will partly be used to redeem the convertible bond that matures in April 2019.'
Last week, Vastned signed a long-term lease with Sephora for Calle Serrano 36 in Madrid. The lease took effect immediately, and on balance has virtually identical conditions as for the last tenant.
Vastned has placed a 1 50 million long-term bond loan with Pricoa Capital Group. The bond loan has a 7-year duration and a 2.73% coupon. The new loan will be used to refinance existing loans.
The present financing structure, including the abovementioned new loan, provides sufficient financial room to redeem the convertible bond that matures in April 2019. Vastned's conservative financing policy will be maintained, including the objective of financing with at least 25% non-bank loans.
| 13 February 2019 | after trading | Full-year results 2018 |
|---|---|---|
| 7 March 2019 | before trading | Annual Report 2018 |
| 18 April 2019 | Annual General Meeting of shareholders | |
| 24 April 2019 | Ex final dividend date 2018 | |
| 25 April 2019 | Final dividend record date 2018 | |
| 7 May 2019 | Payment date final dividend 2018 | |
| 7 May 2019 | after trading | Q1 trading update 2019 |
| 31 July 2019 | after trading | Half-year results 2019 |
| 5 August 2019 | Ex interim dividend date 2019 | |
| 6 August 2019 | Interim dividend record date 2019 | |
| 20 August 2019 | Interim dividend payment date 2019 | |
| 29 October 2019 | after trading | 9M trading update 2019 |
Vastned Retail N.V. De Boelelaan 7
1083 HJ Amsterdam
P.O. BOX 22276 1100 CG Amsterdam Tel.: +31 202424368
[email protected] www.vastned.com
Vastned is a listed European retail property company (Euronext Amsterdam: VASTN) focusing on 'venues for premium shopping'. Vastned invests in selected cities in Europe with a clear focus on the best retail property in the most popular high streets in the bigger cities. Vastned's tenants are strong and leading international and national retail brands. The property portfolio had a size of approximately 1 1.6 billion as at 30 September 2018.
Further information: Ronald Beemsterboer, Investor Relations Manager Tel: +31 20 2424 368
Vastned Retail N.V. De Boelelaan 7
1083 HJ Amsterdam
P.O. BOX 22276 1100 CG Amsterdam Tel.: +31 202424368
[email protected] www.vastned.com
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