McKay Annual Results to 31st March 2017 - page 11

MKS / MAY 2017 /
11
ROBUST FINANCING POSITION
… DEBT STRUCTURE CONTINUING TO EVOLVE
1. WACD: Weighted average cost of debt
Available facilities of £175m
Three facilities refinanced in May 2015
Fourth facility currently being refinanced
Current WACD
1
4.4%
Fully drawn WACD
1
c 3.7%
£35m hedging reduction in May 2015
£12m hedging reduction in December 2016 – £33m remaining (notional value)
30 Lombard Street, EC3 currently not pledged
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