Salmon giant SalMar raises another NOK 500m through green bond

Editorial team
Published

The world’s second largest Atlantic salmon farmer, SalMar, today successfully issued an additional NOK 500 million (£36.2m) in its new seven-year senior unsecured green bond, a type of bond specifically designated to finance environmentally friendly projects.

The interest rate will be the prevailing three-month Norwegian Interbank Offered Rate (NIBOR) plus 1.35%.

The issue means that SalMar – which co-owns Scotland’s second biggest salmon producer, Scottish Sea Farms – has now raised NOK 2 billion in bond loans: NOK 1bn through a fixed eight-year tranche and NOK 1,000 million through a floating seven-year tranche.

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