SalMar ASA Completes Major Green Bond Issuance Successfully

SalMar ASA Successfully Issues New Green Bonds

In an exciting development for sustainable finance, SalMar ASA has recently issued a substantial amount of green bonds, totaling NOK 4,350 million. This issuance marks a significant step forward in the company's commitment to sustainable growth and environmental responsibility. Rated BBB+/Stable by Nordic Credit Rating, SalMar continues to establish itself as a leader in both the aquaculture industry and sustainable investment practices.

Details of the Green Bond Issuance

The total bond amount is divided into two distinct tranches, catering to varying investor preferences and market conditions. The first tranche consists of NOK 3,250 million in a 5-year senior unsecured green bond, offering a floating interest rate of 3 months Nibor + 1.15% per annum. This structure provides investors with some security against market fluctuations in rates.

The second tranche includes NOK 1,100 million in a 7-year senior unsecured green bond, which comes with a floating rate of 3 months Nibor + 1.35% per annum. This diverse structuring not only appeals to a broader range of investors but also strengthens SalMar's financial position by securing long-term funding.

Listing and Settlement Plans

SalMar ASA plans to have these bonds listed on the Oslo Stock Exchange, a move that will enhance liquidity and visibility for investors interested in green financial instruments. The anticipated settlement date for both tranches is set for January 30, therefore allowing investors to move forward with confidence in their funding commitments.

Key Stakeholders Involved

The successful execution of this bond issuance is made possible through collaboration with notable financial institutions. Danske Bank, DNB Markets, Nordea, and SEB functioned as the Global Coordinators and Joint Lead Managers for the issuance, playing a significant role in facilitating the transaction. Additionally, Rabobank participated as a Joint Lead Manager, contributing their expertise in the green finance sector.

Commitment to Sustainability

Through these green bonds, SalMar ASA is not only reinforcing its capital structure but also underlining its commitment to sustainable operations. The funds raised are expected to be allocated towards projects aimed at reducing the company’s carbon footprint and enhancing its environmentally friendly practices. This is particularly crucial in today’s market, where sustainability has become a priority for both consumers and investors.

SalMar ASA recognizes the growing demand for responsible investment options and is determined to lead the way in integrating eco-friendly practices within its business model. The issuance of these green bonds is a testament to their strategic commitment to sustainability, which is aligned with global trends towards greener and more sustainable enterprises.

Company Contact Information

For additional insights or inquiries about the bond issuance and its implications, interested parties can reach out to key company representatives:

Ulrik Steinvik, CFO
Mobile: +47 900 84 538
E-mail: ulrik.steinvik@salmar.no

Håkon Husby, Head of Investor Relations
Mobile: +47 936 30 449
E-mail: hakon.husby@salmar.no

Frequently Asked Questions

What is the significance of SalMar's green bond issuance?

SalMar's green bond issuance signifies a strong commitment to sustainability and environmental responsibility, providing funds for eco-friendly projects.

How much was raised through the green bonds?

A total of NOK 4,350 million was raised through the issuance of the green bonds, enabling SalMar to enhance its operations sustainably.

Who managed SalMar's bond issuance?

The bond issuance was managed by Danske Bank, DNB Markets, Nordea, SEB, and Rabobank, highlighting the collaboration with leading financial institutions.

When is the settlement date for the bonds?

The settlement date for the issued bonds is scheduled for January 30, providing investors with a clear timeframe for their commitments.

What are the interest rates on the green bonds?

The green bonds have a floating interest rate of 3 months Nibor + 1.15% for the 5-year bond and 3 months Nibor + 1.35% for the 7-year bond.

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