Company: RKLIF
Filing Date: 2025-03-06
Form Type: 6-K
Source: 0001654954-25-002335
Chunk: 30

Company: RENTOKIL INITIAL PLC /FI
Filing Date: 2025-03-06
Form: 6-K
Chunk 30
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   | Fixed     
 2.66%     | Fixed         
 0.875%        | Fixed         
 2.80%         |
| €850m bond due June         
 2027                        | Fixed    
 3.875%   | Fixed     
 4.95%     | Fixed         
 3.875%        | Fixed         
 5.01%         |
| €600m bond due October      
 2028                        | Fixed    
 0.500%   | Fixed     
 2.12%     | Fixed         
 0.500%        | Fixed         
 2.23%         |
| €600m bond due June         
 2030                        | Fixed    
 4.375%   | Fixed     
 4.58%     | Fixed         
 4.375%        | Fixed         
 4.48%         |
| £400m bond due June         
 2032                        | Fixed    
 5.000%   | Fixed     
 5.19%     | Fixed         
 5.000%        | Fixed         
 5.20%         |
| Average cost of             
 bond debt at year-end rates |          | 3.96%     |               | 3.97%         |

The effective hedged interest rate reflects the interest rate payable after the impact of interest due from cross-currency swaps. The Group’s hedging strategy is to hold foreign currency debt in proportion to foreign currency profit and cash flows, which are mainly in euro and US dollar. As a result, the Group has swapped a portion of the bonds it has issued into US dollars, thus increasing the effective hedged interest rate.

The Group considers the fair value of other current liabilities to be equal to the carrying value.

16. Provisions for liabilities and charges

The Group has provisions for termite damage claims, self-insurance, environmental, and other. Provisions are recognised when the Group has a present obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation, and the amount is capable of being reliably estimated. If such an obligation is not capable of being reliably estimated it is classified as a contingent liability.

Future cash flows relating to these obligations are discounted when the effect is material. The effect of discounting environmental provisions and other provisions is not considered to be material due to the low level of expected future cash flows. Termite damage claim provisions and self-insurance provisions are discounted, and the majority of these provisions are held in