BRIEF-Stenprop Ltd Says Significant Headroom Exists For Interest Cover, LTV Loan Covenants

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BRIEF-Stenprop Ltd Says Significant Headroom Exists For Interest Cover, LTV Loan Covenants
Credit: © Reuters.

March 26 (Reuters) - Stenprop Ltd STPJ.J :

* COVID-19 UPDATE

* OVERALL LOAN-TO-VALUE RATIO (LTV) STANDS AT APPROXIMATELY 40.7% BASED ON MOST RECENT PROPERTY VALUATIONS AS AT 30 SEPTEMBER 2019

* SIGNIFICANT HEADROOM EXISTS FOR BOTH INTEREST COVER AND LTV LOAN COVENANTS.

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