Norwegian seafood producer SalMar has successfully raised NOK 2.75 billion through a new green bond issuance, strengthening its funding position and supporting future investments. The transaction was completed through two senior unsecured green bond tranches, offering both floating and fixed-rate options. The financing is expected to enhance the company’s financial flexibility while reinforcing its commitment to sustainable growth and responsible investment practices.
Key Overview
- SalMar issued NOK 2.75 billion in new green bonds
- Bonds were issued across two separate tranches
- NOK 1.75 billion tranche carries a floating-rate coupon
- NOK 1 billion tranche offers a fixed-rate coupon
- Bonds have a three-year maturity period
- Settlement is scheduled for June 18, 2026
- SalMar plans to list the bonds on the Oslo Stock Exchange
SalMar Completes Major Green Bond Issuance
SalMar ASA has successfully completed a NOK 2.75 billion green bond issuance, providing the company with additional capital to support its operations, investments, and long-term growth objectives.
The transaction consisted of two tranches with a combined value of NOK 2.75 billion. The issuance attracted strong market interest and demonstrates investor confidence in the company’s financial position and sustainability strategy.
SalMar is one of the world’s largest salmon farming companies and continues to expand its operations while focusing on responsible aquaculture practices and sustainable growth.
Two-Tranche Structure Provides Funding Flexibility
The bond issuance was structured across two separate tranches to appeal to a broad range of investors.
The first tranche raised NOK 1.75 billion through a three-year bond carrying a floating-rate coupon of 3-month NIBOR plus 0.88% per annum.
The second tranche raised NOK 1 billion through a three-year bond with a fixed annual coupon rate of 5.541%.
By offering both floating and fixed-rate instruments, SalMar has diversified its financing structure and expanded its access to capital markets.
The dual-tranche approach also enables the company to manage financing costs more effectively while providing investors with different risk and return profiles.
Green Bonds Support Sustainable Financing Strategy
The issuance forms part of SalMar’s broader commitment to sustainable finance and environmentally responsible business practices.
Green bonds are increasingly being used by corporations to raise capital for projects and activities that contribute to environmental sustainability objectives.
For investors, green bonds provide an opportunity to support companies pursuing sustainability goals while earning fixed-income returns.
The successful transaction highlights continued investor demand for sustainable investment opportunities and reinforces the growing importance of environmental considerations within capital markets.
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Strengthening Financial Flexibility
The proceeds from the green bond issuance are expected to provide SalMar with greater financial flexibility as the company continues investing in its operations and future growth initiatives.
Access to long-term funding remains important for companies operating in the aquaculture industry, where investments in production facilities, technology, sustainability improvements, and operational efficiency require substantial capital.
The new financing also helps diversify SalMar’s funding sources, reducing reliance on traditional lending channels while strengthening its overall capital structure.
Industry observers note that maintaining flexible financing options is becoming increasingly important as seafood producers adapt to changing market conditions, sustainability requirements, and evolving consumer demand.
Positive Signal to Credit Markets
The transaction also demonstrates SalMar’s continued ability to access competitive financing from capital markets.
The company currently holds a BBB/Stable credit rating from Nordic Credit Rating, which supports investor confidence in its financial position and credit profile.
Successfully completing a green bond transaction in the current market environment sends a positive signal regarding the company’s financial strength and long-term outlook.
The issuance may also enhance SalMar’s sustainability profile among institutional investors who increasingly consider environmental, social, and governance (ESG) factors when making investment decisions.
Oslo Stock Exchange Listing Planned
SalMar has announced that an application will be submitted to list the bonds on the Oslo Stock Exchange.
A public listing is expected to improve transparency and provide liquidity opportunities for investors participating in the issuance.
Settlement of the transaction is scheduled for June 18, 2026.
Several leading Nordic financial institutions supported the transaction, with Arctic Securities, Danske Bank, DNB Carnegie, Nordea, and SEB acting as Joint Lead Managers.
Their involvement reflects strong institutional support for the issuance and underscores confidence in SalMar’s business model and sustainability strategy.
Outlook
SalMar’s NOK 2.75 billion green bond issuance represents an important step in strengthening the company’s financial position while supporting its sustainability ambitions. The successful transaction provides additional capital for future investments, enhances funding flexibility, and broadens access to sustainable finance markets.
As investor demand for ESG-focused investments continues to grow, green bond issuances such as this are expected to play an increasingly important role in helping companies finance long-term growth while advancing environmental objectives.
FAQS
Q1: What is the value of SalMar’s new green bond issuance?
SalMar successfully raised NOK 2.75 billion through a dual-tranche senior unsecured green bond issuance. The offering includes a NOK 1.75 billion floating-rate tranche and a NOK 1 billion fixed-rate tranche.
Q2: What are the terms of the SalMar green bonds?
Both green bond tranches have a three-year maturity period. The floating-rate tranche carries a coupon of 3-month NIBOR plus 0.88%, while the fixed-rate tranche offers an annual coupon of 5.541%.
Q3: How will SalMar use the proceeds from the green bond issuance?
The proceeds are expected to provide SalMar with greater financial flexibility to support ongoing operations, future investments, and sustainable growth initiatives while diversifying the company’s funding sources.
Q4: Why is the green bond issuance important for SalMar?
The successful issuance strengthens SalMar’s access to sustainable finance, enhances its ESG profile among investors, and demonstrates continued market confidence in the company’s long-term growth strategy and financial position.
Sources: Tip Ranks, Euronext Markets, Globenewswire
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