Corporate News
Mowi ASA announced on 27 May that it has successfully completed a new senior unsecured green bond issuance. The company’s BBB+/Stable rating under Nordic Credit Rating provided the foundation for the offering, which was organized by a consortium of international banks. Two tranches were sold: one with a floating coupon linked to a short‑term benchmark plus a margin, and the other with a fixed rate. The transaction was well oversubscribed, and the proceeds will be allocated to eligible green projects in line with Mowi’s recently published Green Financing Framework. The bonds are denominated in Norwegian krone but will be converted to euros. Settlement is scheduled for 3 June, after which the instruments will be applied for listing on the Oslo Stock Exchange.
Earlier that day, Mowi confirmed that it is exploring further green bond issuances in Norwegian krone. The proposed issues would also be senior, unsecured, and feature a minimum tenor of five years. Danske Bank is handling the structuring of these potential issuances. The company intends to use any new proceeds to finance or refinance green projects as defined by its updated framework.
These developments come as Mowi, the world’s largest farm‑raised Atlantic salmon producer, continues to expand its operations across Norway, Scotland, Ireland, the Faroe Islands, Iceland, Canada and Chile. With a global workforce of about 11 700 employees and a turnover of roughly €5.7 billion in 2025, the company remains a significant player in the seafood sector. Its sustainability credentials—highlighted by its ranking in the Coller FAIRR Seafood Index—support its ongoing efforts to raise capital in environmentally focused instruments.
