Benchmark secures refinancing through €73 million unsecured green bond issue

editorial staff

Refinancing the company’s existing debt.

Aquaculture biotechnology company Benchmark has announced that the company has successfully completed a new senior unsecured green bond issue of NOK 750 million (€73.3 million).

The refinancing has an expected maturity date on 27 September, 2025. The bond has a coupon of three months NIBOR (Norwegian Interbank Offered Rate) + 6.5 percent p.a. with quarterly interest payments.

An application will be made for the bonds to be listed on Nordic ABM, Open Market of the Frankfurt Stock Exchange, International Stock Exchange in Guernsey or the Cayman Islands Stock Exchange before the first interest payment date, and on the Oslo Stock Exchange or another regulated exchange within six months.

The net proceeds from the bond issue will be used to refinance Benchmark’s outstanding senior secured bonds, which mature in June 2023, and to finance green projects as described in the Green Bond Framework.

DNB Markets acted as Sole Bookrunner for the bond issue.


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