LVR covenant:
a. group level max. of 60%; In breach if lower than this
b. varies at project/asset level (refer to presentation)
ICR:
a. group level min. 2.0x
b. project level 1.3-1.7-2.0x (again varies -refer to presentation)
It's good to see the written confirmation from Investor Relations that covenants are in compliance.
Pls DYOR based on the info provided by VPG.
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