THE WHAT? Symrise has successfully completed its first Environment, Social, Governance (ESG)-linked promissory loan notes transaction, secured at €750 million.
THE DETAILS A press release stated, “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.”
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.
THE WHY? According to Symrise, the proceeds will be used for general corporate purposes and to finance strategic growth investments.
Olaf Klinger, Chief Finance Officer, Symrise, said, “At Symrise, we firmly believe that economic and ecological as well as socially responsible actions go hand in hand. Following our sustainable revolving credit line of fiscal year 2021, we therefore decided to once again incorporate sustainability aspects into our latest refinancing.
“The loan’s strong response in the current market environment reflects our stable business model, our sustainability expertise and the trust in our proven strategy. We are pleased that we have attracted such a broad investor portfolio at very favorable terms with the first ESG-linked promissory loan notes.”
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
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Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
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Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
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Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
