Debt investors
One of the key objectives of YIT's treasury policy is to ensure sufficient financing for its operations and the actions required to reach its strategic targets. The aim is to provide access to financing on competitive terms while minimising the net financing expenses, to execute financial risk management and to ensure sufficient diversification of funding sources.
Listing prospectus for YIT EUR 100 million and EUR 150 million Notes available
YIT Corporation announced the issuance of EUR 100 million and EUR 150 million senior unsecured notes on June 5, 2018. The Finnish Financial Supervisory Authority has on June 11, 2018 approved the listing prospectus of the New Notes.
Stock exchange releases concerning financial transactions and agreements can be found in the Media section.
Debt investor contacts
Key figures
GROUP REPORTING, IFRS |
||||
| EUR million | Reported 12/2018 |
Reported 12/2017 |
Pro forma |
|
| Operating cash flow after investments, excluding discontinued operations, rolling 12 months | 148.6 | n/a | ||
| Interest-bearing debt | 891.7 | 590.7 | 825.8 | |
| Cash and cash equivalents | 263.6 | 89.7 | 111.3 | |
| Interest-bearing receivables | 65.1 | 47.6 | 47.6 | |
| Net interest-bearing debt |
562.9 |
453.4 |
669.9 | |
| Net debt/ EBITDA, multiple | 3.2 | 3.6 | ||
| Gearing ratio, % | 53.6% | 88.7% | 59.9% | |
| Equity ratio, % | 38.1% | 33.2% | 40.2% | |
Credit rankings
YIT Corporation has not applied for a public rating from any rating agency.