Standard and Poor's
Moody's Investors Service
*This credit rating is provided for use by wholesale investors only and must not be used, and BWP Trust does not intend or authorise its use, in the support of or in relation to the marketing of financial products to retail investors in Australia
BWP Trust has revolving cash advance facilities for varying amounts with its long term relationship banks. Whilst these facilities have fixed maturity dates, for two of the three facilities, the terms of these facilities allow for the maturity period to be extended by a further year each year subject to the amended terms and conditions being accepted by both parties. The pricing on the continuing facilities is generally reset to current market levels on an annual basis.
The Trust undertakes interest rate hedging to manage its exposure to the adverse effects on its finances from fluctuations in interest rates. The objective of implementing interest rate hedging is to:
by converting the variable interest rates applying to a portion of borrowings into fixed interest rates.
Subject to amendment from time to time, the Board has set the following targets for managing interest rate hedging:
Details of the Trust's current interest rate hedging profile can be found in the most recent annual report.
Level 14 Brookfield Place,Tower 2,123 St Georges Terrace,PERTH WA 6000
Tel: (+61 8) 9327 4356Facsimile: (+61 8) 9327 4344Email: email@example.com