Grieg Seafood raised €92.3m Green Bond

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Grieg Seafood has successfully completed a new senior unsecured green bond issue of NOK 1,000 million (EUR 92.3 million) with maturity date 25 June 2025.

The bond carries a coupon of 3 months NIBOR + 340 bps p.a. with quarterly interest payments. The transaction was significantly oversubscribed, according to an announcement from Grieg Seafood.

DNB Markets and Nordea acted as Joint Bookrunners and Green Bond Advisors for the bond issue.

An application will be made for the bonds to be listed on Oslo Stock Exchange.

Commenting on the issuance of Grieg Seafood’s first Green Bond, Andreas Kvame, CEO of Grieg Seafood, said:  «Reducing our environmental footprint and improving fish welfare is not only an ethical responsibility, it is also key to achieve our operational and financial targets. We will invest heavily in these areas over the next years, in projects like keeping the fish longer on land, achieving ASC certifications, reducing carbon emissions or help commercialize new feed ingredients with lower impact. We are pleased to partly finance these efforts through a Green Bond.”