Lerøy Seafood Group ASA Successfully Launches Green Bond Offering

Introduction to Lerøy Seafood Group ASA's Green Bond
Lerøy Seafood Group ASA has made headlines with its recent announcement about successfully issuing a green bond of NOK 500 million. This bond issuance has attracted considerable attention, showcasing the company's commitment to sustainability and responsible financing. With a strong BBB+ (Stable) credit rating from Nordic Credit Rating, the company has positioned itself as a leader in the industry, emphasizing the importance of green finance.
Details of the Green Bond Issuance
The issued green bond has a maturity period of four years and offers an appealing coupon of 3-month NIBOR + 0.98% per annum. The impressive oversubscription of the bond indicates high confidence from investors and demonstrates the growing trend towards green investments in the market.
Settlement and Listing Information
Set to be settled on 1 October, the bond will also have an application for listing on Oslo Børs to facilitate market trading. By making this move, Lerøy Seafood Group ASA aims to enhance transparency and accessibility for investors interested in green initiatives.
Use of Proceeds
The funds raised through this green bond will be directed towards financing or refinancing environmentally friendly projects as per Lerøy Seafood Group’s established green finance framework. This strategic allocation highlights the company’s dedication to promoting sustainability within the seafood industry.
Key Players in the Transaction
Danske Bank and DNB Carnegie took on the role of Joint Lead Managers for this significant transaction. Their expertise further solidifies the bond's credibility and demonstrates the collaborative efforts of seasoned financial institutions to promote green financing.
Contact Information
For those seeking further insights into this green bond issuance or other corporate matters of Lerøy Seafood Group ASA, the following contacts are available: Hans Ljøen, the Head of Treasury, can be reached at +47 481 87 750, and Sjur S. Malm, the CFO, is accessible at +47 41 77 20 20. Both are well-positioned to provide detailed information on the company’s strategic plans and green initiatives.
Frequently Asked Questions
What is Lerøy Seafood Group ASA's recent green bond issuance about?
Lerøy Seafood Group ASA has issued a NOK 500 million green bond to finance environmentally friendly projects, showcasing their commitment to sustainability.
What are the key terms of the green bond?
The bond has a 4-year maturity and offers a coupon of 3-month NIBOR + 0.98% per annum, with significant oversubscription from investors.
When is the bond settlement date?
The bond is set to be settled on 1 October in the current year.
Which financial institutions managed the bond issuance?
Danske Bank and DNB Carnegie acted as Joint Lead Managers for the green bond transaction.
How will the proceeds from the bond be utilized?
The proceeds will be used to finance or refinance projects that align with Lerøy Seafood Group’s green finance framework, promoting sustainability initiatives.
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