Getting cheaper funding.
Lerøy Seafood Group has successfully completed new senior unsecured green bond issues of NOK 500 million (EUR 48.7 million) with maturity 17 September 2026, NOK 500 million with maturity 17 September 2027, and NOK 500 million with maturity 17 September 2031.
The transaction was significantly oversubscribed. The bonds have a coupon of three months NIBOR + 1,00 per cent per annum for the five year tranche, three months NIBOR + 1,15 per cent per annum for the six year tranche, and a fixed rate of 3,35 per cent per annum for the ten year tranche, according to an announcement from the company.
The settlement date is set to 17 September 2021 for all three tranches. An application will be made for the bonds to be listed on the Oslo Stock Exchange.
Danske Bank and DNB Markets acted as Global Coordinators and Green Bond Advisors, and Danske Bank, DNB Markets and Pareto Securities acted as Joint Lead Managers in connection with the bond issue.