Grieg Seafood Completes Successful Placement of Perpetual Green Hybrid Bond
On February 27, 2025, British Columbian (B.C.) salmon farmer Grieg Seafood ASA announced the successful placement of a new perpetual green hybrid bond issue of NOK 2 million ($177.6 million) with a first call date after four years.
Bond details
Proceeds for the bond—which has a coupon, or interest rate, of three months at a Norwegian Inter-Bank Offer Rate (NIBOR) of 5.75%—will go towards financing Grieg’s green projects, as further defined by the Green Bond Framework.
Among its financial activities will be the refinancing of existing...
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