Lerøy Seafood Group has issued a NOK 500 million (USD 50.6 million, EUR 42.8 million) green bond and has already received strong investor demand.
The unsecured bond, which will be used to fund green projects, was significantly oversubscribed within the first 24 hours of issuance, the company said in an email. It has a four-year maturity and a settlement date of 1 October.
Lerøy said it will apply to list the bond on the Oslo Børs. The transaction was facilitated by Danske Bank and DNB Carnegie.
The 23 September announcement came after the company issued a statement on the Oslo Børs on 22 September saying that it was contemplating the issuance of the bond. At that time, Lerøy had not indicated whether the bond would have a four- or seven-year maturity or a fixed or floating interest rate.
The Bergen, Norway-headquartered company has a BBB+ (Stable) rating from Nordic Credit Rating.
In Q2 2025, the firm posted revenues of NOK 8.8 billion (USD 890 million, EUR 750 million), marking a 15 percent year-over-year increase.
Q2 2025 also saw Lerøy increasing harvest volumes to approximately 48,900 gutted weight tons (GWT) of Atlantic salmon and trout, representing a 12,200 GWT increase year over year.
