VTG's business model is capital intensive. Investments in the very long-lasting wagon fleet (useful life >
40 year) to a large extent are financed by means of debt capital. This is why a balanced financing structure
is of utmost importance.
VTG spreads the maturities of its liabilities across a longer period of time. At the same time, we make use of a variety of financing instruments, like e.g. bank loans, project financing, promissory note loans as well as a hybrid bond.
|Financial liabilities (in € Mio.)|
|Total financial liabilities||1,727|
|Hybrid bond (equity)||259|