March 26, 2020 / 8:26 AM / 6 days ago

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

March 26 (Reuters) - Stenprop Ltd:

* 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. Source text for Eikon: Further company coverage:

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