Skip to main content

Lerøy Seafood Group ASA: Successful placement of new senior unsecured green bonds

Written by Customer Service on . Posted in Public Companies.

Reference is made to the announcement 2 September 2021 regarding potential issuance of senior unsecured green bonds. Today, Lerøy Seafood Group ASA has successfully completed new senior unsecured green bond issues of NOK 500 million with maturity 17 September 2026, NOK 500 million with maturity 17 September 2027, and NOK 500 million with maturity 17 September 2031. The transaction was significantly oversubscribed. The bonds have a coupon of 3 months NIBOR + 1,00% per annum for the 5 year tranche, 3 months NIBOR + 1,15% per annum for the 6 year tranche, and a fixed rate of 3,35% per annum for the 10 year tranche. The settlement date is set to 17 September 2021 for all three tranches. An application will be made for the bonds to be listed on Oslo Børs.

Danske Bank and DNB Markets acted as Global Coordinators and Green Bond Advisors, and Danske Bank, DNB Markets and Pareto Securities acted as Joint Lead Managers in connection with the bond issue.

For further information, please contact:

Hans Ljøen, Head of Treasury Lerøy Seafood Group ASA, +47 481 87 750

Marion Remøy, ESG Manager Lerøy Seafood Group ASA, +47 977 04 708

Sjur S. Malm, CFO Lerøy Seafood Group ASA, +47 41 77 20 20

About Lerøy Seafood Group ASA

Lerøy Seafood Group ASA is a global seafood corporation with its head office in Bergen. The Group’s approx. 5,000 employees handles between 350,000 and 400,000 tonnes of seafood every year through our value chain, corresponding to around 5 million meals every day. The Group has a vertically integrated value chain for redfish and whitefish, and significant activities using third-party products.

The Group’s values – open, honest, responsible and creative – shall represent the very foundations of everything we do, and we work hard to achieve our goal of creating the world’s most efficient and sustainable value chain for seafood. The target for return on capital employed (ROCE) is 18% p.a.. The Group has set a number of targets within sustainability, including cutting greenhouse gas emissions by 46% by 2030.

 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.