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KWE Bond Investors

Kennedy Wilson Europe Real Estate Ltd (“KWE”), a wholly-owned subsidiary of Kennedy-Wilson Holding, Inc., has both Sterling and Euro-denominated unsecured bonds trading on the London Stock Exchange.

We maintain prudent hedging policies against interest rates and foreign exchange exposure.  A significant proportion of our borrowings are fixed in nature or hedged by way of interest rate caps.  Euro assets are hedged through a combination of Euro-denominated borrowings and derivatives.

KWE has an investment grade credit rating of BBB- from Standard and Poor’s.  We maintain a conservative financial profile which targets strong liquidity, a staggered debt maturity and a balanced capital structure of low-cost secured and unsecured borrowings.
 

Debt mix December 2017
Term to maturity Average cost of debt  
5.6 years 3.0%  
 
£1,721.8m
debt
£733.3m   £988.5m  
Secured debt   Unsecured debt  
Term to maturity 4.9 years Term to maturity 6.2 years
Total fixed cost 2.3% Total fixed cost 3.5%
Total fixed/hedged debt 56% Fixed debt 100%
 

Contact

Kennedy Wilson
151 S. El Camino Dr.
Beverly Hills, CA 90212

Phone: +1 (310) 887-6400
Fax: +1 (310) 887-3410