CENTRO Retail Australia has reduced its interest costs by $4 million after entering into a number of interest rate hedges associated with its new debt facilities.
CRF’s hedging profile is summarised below:
Term Average Principal hedged A$ millions
Weighted average fixed interest rate **
1 year to December 2012 $1,674.5 4.22%
2 year to December 2013 *$994.8 4.04%
3 year to December 2014 $685.8 4.00%
4 year to December 2015 $352.4 4.09%
*Tuggeranong Hyperdome (50% interest) is hedged to June 2013 in line with debt maturity
** Weighted average fixed interest rate excludes bank margins, line fees and establishment costs
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