Frøya, Norway-headquartered SalMar ASA harvested 36,900 metric tons (MT) of head-on gutted (HOG) salmon in the first quarter of 2021, with reduced volumes coming from its both Norwegian and Icelandic operations, according to the producer’s latest trading update.
Contributions from the company’s farms in the north of Norway amounted to 13,500 MT, some 100 MT less than in Q1 2020, while its facilities in central Norway supplied 20,800 MT (down from 22,200 MT).
SalMar subsidiary Icelandic Salmon harvested 2,500 MT in the quarter, which was 1,800 MT less than in the corresponding period of last year.
SalMar’s full report for Q1 2021 will be released on 12 May.
The company has forecasted a 2021 salmon harvest of 163,000 MT in Norway and 14,000 MT in Iceland. It also co-owns Scottish Sea Farms.
SalMar said it is also seeking to raise up to EUR 250 million (USD 296.8 million) through a green bond issue. This follows the assignment of an A-rating with stable outlook from Nordic Credit Rating.
SalMar ASA has appointed Danske Bank, DNB Markets and Nordea as joint lead managers and green bond advisors "to arrange a series of fixed income investor calls commencing on 12 April, 2021."
Pending market conditions, the bond issuance will have a tenor of 5.75 years, according to the company.
