Mowi ASA Green Bond Mandate Announcement
Mowi ASA has taken significant steps to expand its market presence through a green bond mandate, calling upon financial partners to lead this initiative. The company, recognized for its strong investment grade rating of BBB+ with a stable outlook by Nordic Credit Rating, has enlisted several financial institutions for this venture.
Coordinators and Managers Involved
In the organization of this undertaking, Danske Bank, DNB Carnegie, and Nordea act as Global Coordinators and Joint Lead Managers. Alongside them, ABN AMRO, Crédit Agricole Corporate and Investment Bank, Rabobank, and SEB are appointed as Joint Lead Managers, showcasing a robust collaboration to facilitate fixed income investor meetings.
Investor Meeting Details
The series of investor meetings will commence shortly, both in physical and virtual formats, providing potential investors an avenue to engage with Mowi ASA's financial strategies and goals. This initiative is aimed at those interested in contributing to the sustainable seafood sector.
Future Prospects of the Bond Issues
Following these meetings, one or more NOK-denominated senior unsecured green bond issues are anticipated, potentially swapped to EUR. These bond issues are expected to have a minimum tenor of 5 years and are contingent upon market conditions and other relevant factors.
The Significance of Green Bonds
Green bonds play a crucial role in supporting environmentally sustainable projects and initiatives. Mowi ASA's commitment to the production of sustainable seafood aligns well with the objectives of green financing, marking a significant path toward environmental responsibility in their operations.
About Mowi ASA
Mowi ASA stands at the forefront of the global seafood industry, celebrated for being the largest producer of farm-raised Atlantic salmon worldwide. With an ambitious projected harvest of 605,000 tonnes in 2026 from extensive farming operations in various countries, Mowi continues to lead in the market.
Commitment to Sustainability
Mowi is proud to deliver high-quality seafood to consumers globally, marketed under the trusted MOWI brand. The company has established itself as a benchmark for sustainability in the sector, recognized by Coller FAIRR as the most sustainable listed animal protein producer.
Company Background and Impact
Headquartered in Bergen, Norway, Mowi ASA employs over 12,300 individuals across 26 countries, underscoring its extensive operational footprint. The company reported an impressive turnover of EUR 5.6 billion in the previous fiscal year, reflecting its growth trajectory and market strength.
Contact Information for Inquiries
For those seeking further information on Mowi ASA's initiatives or the green bond scheme, the following contacts are available:
Kristian Ellingsen, CFO, can be reached at +47 905 14 275.
Kim Galtung Døsvig, IR Officer and Head of Treasury, is available at +47 908 76 339.
Frequently Asked Questions
What is the purpose of Mowi ASA's green bond mandate?
The green bond mandate aims to secure funding for environmentally sustainable projects within Mowi ASA's operations, particularly in seafood production.
Who are the financial institutions involved in the bond issue?
The financial institutions include Danske Bank, DNB Carnegie, Nordea, ABN AMRO, Crédit Agricole Corporate and Investment Bank, Rabobank, and SEB.
How does Mowi ASA align with sustainability efforts?
Mowi is dedicated to sustainable seafood practices and has been recognized as the most sustainable listed protein producer globally.
What is Mowi ASA's projected harvest for 2026?
The company anticipates a harvest of 605,000 tonnes from its farming operations in multiple regions by 2026.
How can I contact Mowi for more information?
For inquiries, Kristian Ellingsen, CFO, and Kim Galtung Døsvig, IR Officer, provided their contact numbers for potential discussions.
