Lerøy Seafood Group ASA – Green bond mandate announcement

Lerøy Seafood Group ASA has mandated Danske Bank and DNB Carnegie as Joint Bookrunners (the banks arranging and selling the issue) to explore a potential issuance of new senior unsecured green bonds.

Key details

• The bonds would be NOK-denominated with fixed and/or floating interest rates, an expected tenor (time to maturity) of 6 years and an expected size of NOK 750 million.
• Senior unsecured means the bonds would not be backed by specific assets.
• An amount equal to the net proceeds would be applied to finance or refinance green projects as defined by the company's Green Finance Framework.
• Lerøy Seafood Group ASA is rated BBB/Stable by Nordic Credit Rating.

What’s still pending

• Any bond issue may follow subject to, among other things, market conditions.
• The 6-year tenor and NOK 750 million size are expected, not final.

6ix AI wrote this summary from the release below and checked it against the release.