Leroy Seafood Raises NOK 750m in Green Bond

Leroy Seafood Group ASA raised NOK 750 million in a new senior unsecured green bond. The debt instrument has a six-year maturity and carries a floating coupon. The coupon is set at three-month NIBOR plus 116 basis points.

The company holds a BBB/Stable credit rating from Nordic Credit Rating. This rating supports access to debt markets on competitive terms. The bond will be listed on Oslo Bors to enhance liquidity and visibility.

Proceeds Target Green Projects

Net proceeds from the issue will fund eligible green projects. These investments align with the company's Green Finance Framework. The spending reinforces the firm's sustainability profile.

The strategy signals continued investment in environmentally focused initiatives. The move strengthens the company's position in the Nordic green bond space. It also supports long-term capital allocation goals.

Market Context and Ratings

Leroy Seafood operates in aquaculture and fisheries. It supplies farmed and wild-caught seafood to global markets. The current market capitalization stands at NOK 25.89 billion.

The average trading volume is 566,463 shares. The most recent analyst rating is a Hold. The price target is set at NOK 46.00 per share. GN auto markets/bonds: debt markets reported the issuance details.

Issuer Credit Profile

The BBB/Stable rating underscores solid credit quality. It confirms reliable access to Nordic capital markets. The floating rate structure links costs to prevailing interest rates.

The six-year term provides medium-term funding stability. The unsecured nature of the bond reflects the issuer's financial strength. The listing on Oslo Bors adds a secondary market for investors.