By Mary-Katherine Stinson
Lexington, Ky., April 25 – Mowi ASA sold NOK 3.5 billion (€298 million) of new unsecured green bonds, according to multiple notices.
The company issued a NOK 2.5 billion (€213 million) tranche of five-year bonds with a coupon of Nibor plus 113 basis points.
Additionally, NOK 1 billion (€85 million) of eight-year bonds were issued with a fixed coupon of Nibor plus 150 bps., which is equivalent to an annual interest rate of 5.407%.
The entire issue amount and coupons will be swapped into floating euros.
The bond issue was “well oversubscribed,” the releases said.
Danske Bank (green bond adviser), DNB Markets, Nordea and SEB are the joint global coordinators.
Proceeds will be used for green projects as defined by the company’s green and sustainability-linked financing framework dated May 2023.
Mowi, formerly known as Marine Harvest ASA, is a seafood company based in Bergen, Norway.
| Issuer: | Mowi ASA
|
| Securities: | Senior unsecured green bonds
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| Amount: | NOK 3.5 billion (€298 million)
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| Bookrunners: | Danske Bank, DNB Markets, Nordea and SEB
|
| Lead managers: | ABN AMRO, Credit Agricole CIB and Rabobank
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| Green bond adviser: | Danske Bank
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| Settlement date: | May 3
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| Five-year bonds
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| Amount: | NOK 2.5 billion (€213 million)
|
| Maturity: | 2029
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| Coupon: | Nibor plus 113 bps
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|
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| Eight-year bonds
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| Amount: | NOK 1 billion (€85 million)
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| Maturity: | 2032
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| Coupon: | Nibor plus 150 bps or 5.407%.
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