The key objective of Steen & Strøm’s financing policy is to ensure that the Group always has the financial resources needed to fund its development.
Accordingly, Steen & Strøm strives to maintain a balanced financial structure that is framed by the following ratios:
|Loan to Value||33 %||< or = 60%|
|EBITDA/Net interest expenses||4.8||> or = 2.0|
Steen & Strøm also diversifies its sources of financing using:
- bank lending in various formats (syndicated, bilateral loans, etc.)
- the bond market
- commercial paper to meet short-term financing needs.
Chief Investment Officer
tel+47 23 21 35 39