Mowi Secures €250M in Oversubscribed Green Bonds

Event summary

  • Mowi ASA raised €250M in senior unsecured green bonds, split into two tranches: €185M floating-rate and €65M fixed-rate, both with 5-year tenors.
  • The bonds were oversubscribed, with proceeds earmarked for eligible green projects under Mowi’s 2026 Green Financing Framework.
  • Settlement is set for June 3, 2026, with listing planned on the Oslo Stock Exchange.
  • Joint Global Coordinators included Danske Bank, DNB, Carnegie, Nordea, and SEB, alongside ABN AMRO, Crédit Agricole CIB, and Rabobank as Joint Lead Managers.

The big picture

Mowi’s €250M green bond issuance underscores the growing intersection of seafood production and sustainable finance. As the largest Atlantic salmon producer, Mowi’s move reflects broader industry trends toward ESG-compliant capital raising, particularly in sectors facing regulatory and consumer-driven sustainability pressures. The oversubscription suggests strong investor confidence in both Mowi’s creditworthiness and the viability of green bonds in the agricultural sector.

What we're watching

Green Project Execution
How Mowi will allocate the €250M proceeds to eligible green projects and the timeline for their implementation.
Market Demand
Whether the oversubscription signals sustained investor appetite for sustainable seafood-linked debt.
Regulatory Compliance
The pace at which Mowi aligns its green financing framework with evolving ESG reporting standards.