SalMar chasing €250 million green bond loan

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Will secure new and cheap financing.

SalMar has mandated Danske Bank, DNB Markets and Nordea as joint lead managers and Green Bond advisors to arrange fixed income investor meetings with bond investors as of April 12.

A EUR or NOK denominated senior unsecured green bond issue of up to EUR 250 million, or the equivalent in NOK, with a tenor of 5.75 years may follow, subject to inter alia market conditions.

At the same time, SalMar reported that Nordic Credit Rating has today awarded the fish farmer a long-term first-time company rating of A- (stable).

“The credit rating reflects SalMar’s strong profitability relative to comparable companies as a result of cost-effective operations at good fish farming locations. The rating is further a stamp on the company’s strong cash flow and moderate debt ratio,” the credit rating agency wrote in a report.