SalMar issues unsecured green bond.
SalMar has completed a placement of a new senior unsecured green bond with a principal amount of NOK 750 million ($75 million), as part of its funding and sustainability-linked financing strategy.
The bond has a tenor of 10 years and carries a fixed coupon of 5.625%, which SalMar said is equivalent to a floating rate of 3-month NIBOR plus 150 basis points. The company is currently rated BBB+ with a negative outlook by Nordic Credit Rating.
Settlement of the bond is scheduled for 25 February 2026. SalMar plans to apply for the bond to be listed on the Oslo Stock Exchange.
Danske Bank acted as sole manager for the transaction.
SalMar said the bond issuance is subject to the disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act.