In FY16, the focus remained on actively managing the balance sheet to minimise financing costs, whilst maintaining diversity of funding to reduce refinancing risks.

IOF's BBB+ stable credit rating continued to provide opportunities to raise capital for short and long term debt from traditional providers such as banks as well as domestic and offshore bond markets. This diversity of funding creates price tension across lenders and underpins our sector leading, low cost of debt.

  • 27.7% Gearing
  • BBB+credit Rating
  • 4.2% Low Weighted
    AVG Cost
    of Debt

Diverse Sources of Debt with staggered maturity Profile

  • Weighted average debt maturity of 5.0 years
  • No debt maturities in FY17
  • Extend $350 million of bank debt to July 2019, 2020 and 2021

Low cost debt

  • 4.2% average over FY16
  • Hedging ratio of 44% at 30 June 2016

Debt MATURITY Profile