The Group entered into the following debt transactions: Issuer Issue date Type of debt Currency of principal Principal amount in millions Redeemable Interest rate Type of interest 2021 2020 in millions of Swiss francs Givaudan SA 2011 Public bonds CHF 150 07 Dec 2021 2.125% Fixed Reimbursed 150 Givaudan United States, Inc. 2012 Private placements a USD 150 06 Feb 2023 3.300% 137 132 USD 60 06 Feb 2025 3.450% 55 53 Givaudan SA 2014 Public bonds CHF 150 19 Mar 2024 1.750% 150 150 2016 CHF 100 07 Dec 2022 0.000% 100 100 CHF 200 05 Dec 2031 0.625% 200 200 2017 Private placements EUR 100 20 Dec 2022 Floating c 104 108 EUR 200 20 Dec 2024 1.331% Fixed 207 216 2018 Public bonds CHF 200 09 Apr 2025 0.375% Fixed 200 200 EUR 500 17 Sep 2025 1.125% 516 538 EUR 800 17 Sep 2030 2.000% 826 861 2020 CHF 150 10 Nov 2028 0.150% 150 150 2021 150 07 Jun 2027 0.125% 150 150 07 Jun 2030 0.375% 150 2021 Other local borrowings CHF 20 04 Jan 2022 Floating c 20 USD 80 05 Jan 2022 72 Givaudan Finance Europe BV 2020 Public bonds EUR 500 22 Apr 2027 1.000% Fixed 516 537 500 22 Apr 2032 1.625% 516 538 Other entities 2020 Other local borrowings EUR 2 Various maturities 1.180% Fixed 4 6 2021 2 2020 CNY 193 Floating 115 97 2021 607 2021 INR 6,000 74 2021 other 1 1 Total short-term and long-term debt as at 31 December b 4,263 4,037 a) There are various covenants contained in these transactions covering conditions on net worth, indebtedness and EBITDA ratio to net interest expense of Givaudan United States, Inc. The company is and has been in full compliance with the covenants set. b) The fair value of the short-term and long-term debt exceeds its carrying value by approximately 6% as at 31 December 2021. c) The floating interest rate is based on a Libor rate. Governance Report Compensation Report Consolidated Financial Report Statutory Financial Report Appendix 86 Givaudan — 2021 Governance, Compensation and Financial Report Notes to the consolidated financial statements