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Financing

Sustainable Financing

For SalMar it is important to secure financial flexibility through having good access to capital. This is ensured through SalMars sustainability-linked credit facilities and through the green bonds.

Passion for Salmon

Credit Rating

SalMar has credit rating from Nordic Credit Rating, for more information and their latest rating reports please see their website

Credit Facilities

In August 2023 SalMar ASA entered into a sustainability linked senior unsecured credit facility agreement.

The agreement consists of two facilities:

  • Term loan of NOK 6 billion with no amortization in the period. Maturity September 2027 with option for 1 year extension
  • RCF of NOK 10 billion. Maturity September 2028 with option for 1+1 year extension.

There is an accordion option of NOK 3 billion linked to the agreement.

The facilities are sustainability linked with four ESG KPIs included

  • Survival rate
  • Biological feed conversion ratio
  • Share of local processing
  • GHG emission intensity Scope 1+2+3

Green Bonds

SalMar ASA has issued eight senior unsecured green bonds

Outstanding
Amount		 Issue Maturity Coupon Ticker
NOK 3,500 million Apr 21 Jan 27 3mN + 135bps SALM01 ESG
NOK 3,250 million Jan 25 Jan 30 3mN + 115bps SALM02 ESG
NOK 1,100 million Jan 25 Jan 32 3mN + 135bps SALM03 ESG
NOK 1,000 million Aug 25 Aug 32 3mN + 135bps SALM04 ESG
NOK 1,000 million Aug 25 Aug 33 5,15% (3mN+143bps) SALM05 ESG
NOK 750 million Feb 26 Feb 36 5,625% (3mN+150bps)
NOK 1,750 million Jun 26 Jun 29 3mN + 88bps
NOK 1,000 million Jun 26 Jun 29 5,541% (3mN+88bps)

 

SalMar has developed a framework for its green bonds describing the use of proceeds from the bonds, see below for more information.

In addition SalMar publishes annualy a report describing usage of the proceeds from the green bonds, see below for the latest reports.

Documentation Green Bond 2025

Documentation Green Bond 2021

Report Green Bond