The main conclusion of our comparison were:
· Different types investment require different types of funding
· Development programme balance towards more ‘for sale’
· Cash flow & matching assets with liabilities
· Group treasury company with inter-company loans
So, from where do we source our funding?
· Short term debt – the bank sector
· Medium term debt – the bank sector, debt capital markets & private placements
· Long term debt – the debt capital markets
· Diverse investor base – a key priority!