SalMar ASA Announces Successful Green Bond Tap Issue

SalMar ASA's Strategic Green Bond Issuance
Today, SalMar ASA, a prominent player in the aquaculture industry, has made headlines by successfully tapping into the green bond market with an additional NOK 500 million issuance. This move is a part of their proactive approach to finance sustainable initiatives while maintaining robust financial health.
Details of the New Green Bond
The recently issued green bond reflects a 7-year senior unsecured structure and features a floating rate note set at 3mN+135 basis points per annum. Investors can rest assured as this issue was priced at 100% of par, ensuring a stable entry point for those interested in sustainable investment.
The Bigger Picture: Total Financial Growth
With this latest issuance, SalMar has now successfully raised a total of NOK 2,000 million across their debt instruments — NOK 1,000 million through an 8-year fixed rate tranche and another NOK 1,000 million via a floating rate 7-year tranche. This strategic diversification not only improves liquidity but also reinforces SalMar's commitment to funding environmentally friendly projects.
Future Listing on Oslo Stock Exchange
In a bid to increase transparency and investor appeal, SalMar intends to list the new green bond on the Oslo Stock Exchange. This is a crucial step in enhancing its visibility within the financial markets, with the settlement date set to be finalized soon.
Collaborative Efforts Behind the Issuance
The execution of this bond tap issue was facilitated by notable financial institutions, including Nordea, Danske Bank, DNB Carnegie, and SEB, who served as Joint Lead Managers. Their involvement signifies a robust confidence in SalMar's financial strategies and future growth potential.
Commitment to Sustainability
SalMar’s dedication to sustainability is evident not only in their operational practices but also in their financing choices. By engaging in green bonds, SalMar is taking tangible steps to contribute positively to environmental initiatives while simultaneously appealing to a growing market of eco-conscious investors.
Contact Information for Investors
For more insights regarding this green bond issuance, investors and stakeholders can reach out to Håkon Husby, the Head of Investor Relations. He can be contacted directly via phone at +47 936 30 449 or through email at hakon.husby@salmar.no.
Frequently Asked Questions
What is the purpose of SalMar's green bond issuance?
The green bond issuance aims to fund environmentally friendly projects, reflecting SalMar's commitment to sustainability.
What are the key financial details of the new bond?
The new bond is a 7-year senior unsecured bond with a floating rate note of 3mN+135 basis points per annum, issued at par.
How much has SalMar raised in total through this bond tap?
SalMar has raised a total of NOK 2,000 million through a combination of fixed and floating rate bonds.
When is the expected settlement date for the bond?
The settlement date for the new bond is set to be finalized shortly, contributing to SalMar's liquidity management.
Who are the financial institutions involved in this issuance?
Nordea, Danske Bank, DNB Carnegie, and SEB served as Joint Lead Managers for the bond tap issue, reflecting strong market support.
About The Author
Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.