SalMar Raises NOK 750M in Green Bond at 5.625% Coupon
Event summary
- SalMar ASA issued a NOK 750M senior unsecured green bond with a 10-year tenor and 5.625% coupon (3mN+150bps floating rate).
- The bond is set to list on the Oslo Stock Exchange with settlement on February 25, 2026.
- Danske Bank acted as Sole Manager for the transaction.
- SalMar is rated BBB+/Negative Outlook by Nordic Credit Rating.
The big picture
SalMar's green bond issuance reflects the growing trend of sustainable financing in the aquaculture sector. The NOK 750M raise underscores investor confidence in SalMar's creditworthiness despite a Negative Outlook, signaling broader market dynamics favoring ESG-compliant investments. The deal also highlights Danske Bank's role as a key advisor in Nordic sustainable finance transactions.
What we're watching
- Green Financing Demand
- How SalMar's green bond issuance will impact investor appetite for sustainable aquaculture financing.
- Credit Rating Pressure
- Whether SalMar's BBB+/Negative Outlook will affect its ability to secure future funding at favorable rates.
- Market Execution
- The pace at which similar green bonds will be issued in the Nordic region following this transaction.
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