A SalMar fish farm in Norway.

Salmon farming giant raises £219m through bonds issue

Editorial team Editorial team
Published Modified

The world’s second biggest Atlantic salmon farmer, SalMar, is raising NOK 2.75 billion (£219.2 million) by issuing new senior unsecured green bonds.

The bonds are in two tranches:

  • NOK 1.75bn with a three-year tenor with a floating rate coupon (interest rate) of the average of three months’ NIBOR (Norwegian Inter Bank Offered Rate) plys 0.88% per annum

  • NOK 1bn with a three-year tenor with a fixed rate coupon of 5.541% p.a

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

Green bonds are commonly used by the world's largest salmon farmers to raise capital.

atlantic salmon aquaculture finance news green bonds oslo stock exchange salmar