Lerøy Seafood Group ASA's Sustainable Green Bond Strategy
Lerøy Seafood Group ASA: A Commitment to Sustainability
Lerøy Seafood Group ASA is taking significant strides towards sustainability with its announcement of a potential issuance of NOK 500 million in senior unsecured green bonds. This initiative is not just about raising funds; it symbolizes the company's dedication to financing and refinancing eco-friendly projects aligned with their green finance framework.
Details of the Green Bond Issuance
The proposed green bonds will come with either fixed or floating coupon rates, with maturities set at 4 or 7 years, depending on market conditions. This strategic move aims to attract environmentally conscious investors while providing Lerøy with the capital required to foster green projects effectively.
Role of Joint Lead Managers
Danske Bank and DNB Carnegie are supporting Lerøy Seafood Group as Joint Lead Managers for this bond issuance. Their expertise is expected to facilitate a successful launch and ensure that the bond meets the sustainability standards expected by investors.
Financing Green Projects
The net proceeds from these bonds will be allocated to initiatives that are categorically defined under the green finance framework. This includes investments in projects that promote sustainability and minimize environmental impacts, effectively reinforcing Lerøy’s commitment to responsible seafood sourcing and ecological stewardship.
Why Green Bonds Matter
Green bonds have gained considerable traction as investors increasingly seek to support businesses that prioritize sustainability. By issuing these bonds, Lerøy Seafood Group ASA not only enhances its reputation but also plays a crucial role in fostering a greener economy.
Contact Information
For more details regarding this green bond issuance, stakeholders are encouraged to reach out to key members of the Lerøy team.
Sjur Malm, CFO
Phone: +47 41 77 20 20
Email: sjur.malm@leroy.no
Hans Ljøen, Head of Treasury & Investor Relations
Phone: +47 48 18 77 50
Email: hans.ljoeen@leroyseafood.com
Frequently Asked Questions
What are green bonds?
Green bonds are debt securities issued to raise funds for projects with environmental benefits, such as renewable energy and sustainable infrastructure.
How will the proceeds from Lerøy's green bonds be used?
The proceeds will finance or refinance various green projects defined under their green finance framework, enhancing their sustainability efforts.
Who are the Joint Lead Managers for the bond issuance?
Danske Bank and DNB Carnegie will serve as the Joint Lead Managers, utilizing their expertise to ensure successful issuance.
What is the importance of Lerøy’s green bond initiative?
This initiative demonstrates Lerøy's commitment to sustainability and helps to attract ethical investors focused on reinforcing green practices.
How does this initiative align with global sustainability goals?
Lerøy's green bond issuance supports global efforts towards environmental sustainability, contributing to a more responsible seafood industry.
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