Symrise AG successfully completed its first ESG (Environment, Social, Governance)-linked promissory loan notes transaction. The Group secured €750 million at highly favorable terms in a challenging market environment. The proceeds will be used for general corporate purposes and to finance strategic growth investments.

The ESG-linked promissory loan notes represent the Group's second sustainable financing instrument. By directly linking the interest rate to the eco-efficiency of greenhouse gas emissions, Symrise combines economic progress and growth with sustainable and responsible actions. Symrise secured highly favorable pricing conditions at the lower end of the marketing range in a challenging capital market environment characterized by high inflation, volatile interest rates and great uncertainty due to the outbreak of war in the Russia/Ukraine conflict.

The significantly oversubscribed order book resulted in an issue volume of ?750 million. A total of around 100 investors participated in the transaction. The transaction will be executed in five tranches with a maturity of four to ten years.

Three tranches feature a fixed coupon, while two are subject to variable interest rates. The interest rate or margin depends on the eco-efficiency of the Symrise Group's greenhouse gas emissions.