Mowi has today successfully completed a EUR 200 million 5-year, senior unsecured inaugural green bond issue, marking the first green bond ever issued by a seafood company.
The bond issue was significantly oversubscribed attracting solid investor demand from both dedicated green and regular bond investors. The bonds will have a coupon of 3 months EURIBOR + 1.60 % p.a. and an application will be made for a listing on The Oslo Stockexchange, according to an announcement from the company.
Settlement date is expected to be 31 January.
The proceeds from the green bond issue will be used for green projects as further defined by Mowi’s green bond framework which is available on our website, the company stated.
Danske Bank, DNB Markets, Nordea (as Joint Global Coordinators and Green Bond Advisors), ABN AMRO, Rabobank and SEB acted as Joint Lead Managers for the bond issue.