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DIA CorporateFixed income and rating
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The financing policy of DIA is outlined in the bullet points:
- To ensure liquidity with minimum financial expense and optimizing the group’s balance sheet.
- To distribute to the shareholders from 40% to 50% of the Underlying Net Profit in form of ordinary dividends.
- Not to exceed, to a reasonable extent and to allow for the potential business opportunities that may arise, a leverage over the reported net debt over 2.0x adjusted EBITDA
- To implement a strict capex allocation policy, prioritizing organic growth and maximizing returns.
- To carry out a cautious M&A policy restricted to acquisitions with modest impact on ratios, and limited execution risks.
- To keep headroom within the existing financial covenants.
- To maintain a solid investment grade profile.
More than 90% of DIA’s corporate debt is denominated in Euros, while the remaining amount is signed in Brazilian Reais, Argentinean Pesos and Chinese Yuans.
Debt maturity and credit facilities profile
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