June 19, 2026

SalMar raises US$271.8 million through issuance of new bonds

The world's second-largest Atlantic salmon farmer, SalMar, is raising kr2.75 billion (US$271.8 million) through the issuance of new senior unsecured green bonds.

The bonds are being issued in two tranches:

    - kr1.75 billion (US$172.9 million) with a three-year tenor and a floating-rate coupon (interest rate) of the average three-month NIBOR (Norwegian Interbank Offered Rate) plus 0.88% per annum;

    - kr1.0 billion (US$98.9 million) with a three-year tenor and a fixed-rate coupon of 5.541% per annum.

An application will be submitted for the bonds to be listed on the Oslo Stock Exchange.

Green bonds are commonly used by the world's largest salmon farming companies to raise capital for investments and sustainability-related projects.

- Fish Farming Expert