Financing Activities

The Group’s financial strategy includes maintaining a profile of adequate liquidity, conservative gearing, and a diverse debt structure, which combines secured and unsecured bank debt with unsecured bonds.

Financial
Activities

Safe level of debt, with loan-to-value (LTV) standing at 32.8% (as at 31 December 2025)

Unsecured debt represents 87% of outstanding debt

Interest rate risk 84% hedged

Weighted average cost of debt: 3.2% (during 2025)

Financing Activities

The Group’s financial strategy includes maintaining a profile of adequate liquidity, conservative gearing, and a diverse debt structure, which combines secured and unsecured bank debt with unsecured bonds.

Safe level of debt, with loan-to-value (LTV) standing at 32.8% (as at 31 December 2025)

Unsecured debt represents 87% of outstanding debt

Interest rate risk 84% hedged

Weighted average cost of debt: 3.2% (during 2025)

Issue date
Due date
Currency
Outstanding nominal
Coupon
ISIN Code
30-Sep-2025
30-Sep-2033
EUR
500,000,000
3.875%
XS3189615498
02-Oct-2024
21-Jan-2032
EUR
500,000,000
4.25%
XS2910502470
20-Jan-2022
20-Jan-2030
EUR
500,000,000
2.00%
XS2434763483
14-Jul-2020
14-Jul-2027
EUR
250,003,000
3.375%
XS2203802462
09-Oct-2019
09-Oct-2026
EUR
249,997,000
1.875%
XS2063535970
22-May-2019
22-May-2023
EUR
0
2.625%
XS1996435928
23-Nov-2017
23-Nov-2024
EUR
0
1.75%
XS1722898431
30-Nov-2015
26-Feb-2021
EUR
0
3.75%
XS1325078308

€2 billion green bonds have been issued under the Green Finance Framework and a green loan agreement concluded with the IFC in June 2021. The Company has committed to use proceeds from green bonds and green loans to finance or refinance existing and future projects which improve the environmental performance of the Group’s property portfolio.

Moreover, NEPI Rockcastle has established a robust Sustainability-Linked Financing Framework SLFF) to guide its future funding initiatives. This framework incorporates Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs) that are intricately linked to our commitment to reduce greenhouse gas emissions and enhance energy efficiency across all our operations. Under the Sustainability-Linked Financing Framework the following unsecured loan facilities have been concluded:

• €445 million loan with IFC, a member of the World Bank

• €250 million revolving credit facility with a club of 5 banks (Citi, Deutsche Bank, HSBC, SBMC and JP Morgan)

• €200 million revolving credit facility with Raiffeisen Bank International and Erste Group

• €190 million revolving credit facility with a club of 3 banks (BRD, Garanti and UniCredit)

• €100 million revolving credit facility with ING Bank