Financing

In'li, leader in intermediate housing in Ile de France, aims to produce 80,000 new intermediate housing units.

To finance the new housing units, in'li relies on diversified sources of financing: support from Action Logement Groupe, debt financing (bond issuance, EIB loan, establishment of new banking partnerships), mobilization of external equity through the creation of development real estate companies, and the sale of part of our assets to our tenants.

Credit rating:

Rating agencies Standard & Poor's and Moody's awarded the following ratings to in'li in 2023 and confirmed in 2024:

Rating agency

Standard & Poor's

Moody's

Long-term rating

A (stable outlook)

A2 (stable outlook)

Short-term rating

A-1

P-1

With these ratings, In'li is one of the best rated real estate companies in Europe.
Find our financial publications:

Financial publications

Financing strategy and main debt indicators:

Thanks to its affiliation to Action Logement Groupe and its position as a leader in intermediate housing, in'li has access to very diversified sources of financing:

Regulated loans in favor of intermediate housing (Banque des Territoires (100% state-owned), Action Logement Services...)
Bank financing (syndicated revolving credit, bilateral lines, structured mortgage financing, etc.)
Bond market

Financial publications

As of December 31, 2023, the breakdown of in'li's outstanding debt was as follows:

53%
Bonds

22%
‍Other lenders

10%
Action Logement /
Banque des Territoires

15%
EIB

24,4 %

LTV value

8 years and
5 months

Duration

Our last financial transactions:

In'li successfully places €100m with the European Investment Bank (EIB):

In'li successfully raises €99m on the bond market:

In'li successfully raises €500m on the bond market:

Sustainable finance policy and ESG rating

In line with an ambitious CSR (Corporate Social Responsibility) policy, in'li is the first real estate company to benefit from a Green Financing Framework with a social purpose, enabling the company to mobilize financing that supports both the environmental and social impact of the company.
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Additionally, in'li holds a top-tier ESG rating. For the second consecutive year, in'li was evaluated by Sustainalytics, one of the world leaders in ESG risk analysis. In'li remains in the top 5% of ESG ratings awarded by Sustainalytics worldwide and is positioned as a reference real estate company in terms of sustainable development. According to Sustainalytics' methodology, the level of ESG risk was considered low, making in'li one of the highest-rated companies globally in environmental, social, and governance aspects.