investors and NGOs during the company's recent green bond process. Grieg Seafood has successfully completed a NOK 500 million tap issue under the Company's existing senior unsecured green bond with maturity date 25 June 2025 and ISIN NO0010885007. Grieg Seafood. Mowi ASA . Mowi and Grieg Seafood have already issued the first green bonds in the sector, with sustainable feed listed as a key use of proceeds in their respective frameworks. On Thursday, board member Helge Nielsen, through the company Helida, reported having purchased 25,000 shares in Proximar Seafood at a price of NOK 9.41 per share. For additional documents regarding Lerøy Seafood Group ASA and . Green bond proceeds will finance salmon investments into its operations in Norway. Norwegian seafood firm Grieg has signed a NOK3.2bn (€317m) sustainability-linked financing package . For additional documents regarding Lerøy Seafood Group ASA and . Download Green Bond Framework Download Second Party Opinion. June 10, 2020 . This assessment is based on the following: Products, (ii) Renewable Grieg Seafood Bond Investor Presentation June 2020 Danske Bank, DNB Markets, Nordea (as Joint Global Coordinators and Green Bond Advisors), ABN AMRO, Rabobank and SEB acted as joint lead managers for the bond issue. New bond loan of NOK 400m, refinancing second priority loan of NOK 300m. SalMar ASA . Issue date: 31 January 2020 Maturity date: 31 January 2025 Listing: Oslo Børs Green Bonds ISIN: NO0010874050 Coupon: EURIBOR + 1.60% payable quarterly in arrears on or about 31 January, 30 April, 31 July and 31 October. A handful of seafood companies -- mostly in Norway, but in Iceland and Thailand as well -- have issued green or sustainability-linked bonds, and as corporate ESG (environmental, social and governance) programs move higher on the agenda, more companies are likely to follow suit, industry experts told IntraFish.. During the last year and a half, Norwegian salmon farmers Mowi, Grieg Seafood . Bergen, NORWAY. Norway's Grieg Seafood has issued bonds worth NKr1bn ($105m) with an unusual condition: that the . She lead the process of developing Grieg Seafood's Green Bond framework, is responsible for the company's financial and sustainability reporting and has an active role in strengthening Corporate Governance. Grieg Seafood has successfully completed a NOK 500 million tap issue under the Company's existing senior unsecured green bond with maturity date 25 June 2025 and ISIN NO0010885007. Grieg said that outside of its green bond framework, it continued to purchase feed supplies from Cargill Aqua Nutrition, which uses only organic and sustainably certified soyabeans. the underlying components of their financial products (e.g., green bonds included in a bond fund carrying the EU Ecolabel). Grieg Seafood ASA completed a senior unsecured green bond issue of NOK 1 000 million in June 2020, with maturity date 25 June 2025. . 'Second Opinion' on SalMar ASA's Green Bond Framework 1 . Grieg Seafood ASA . At the time of issue, in the summer of 2018, these amounted to approximately SEK 10bn. People, partnerships, technologies and innovations will help us get there. . Nordea has been the sole Green Bond Structuring Advisor of Proximar's Green Bond . The Framework includes: * Which project types are eligible for financing or refinancing through use of Green, Social, or Sustainability Bond sales; * How projects are evaluated and selected; * How proceeds are managed; and This assessment is based on the following: USE OF PROCEEDS. It is based on the recommendations of the . . Then in November 2020, Grieg Seafood completed a NOK 500 million (USD 58.8 million, EUR 48.4 million) tap issue under the company's existing senior unsecured green bond, with a . Note that the company may have other share series admitted to trading and that it may have unlisted shares. People, partnerships, technologies and innovations will help us get there. Kaarvik has 10 years of financial experience in the salmon farming industry . Green Bond Second Opinion . Green Bond Report 2020 Grieg Seafood Green Bond Framework. The company, which farms salmon in Norway, Scotland and Canada, said today that it had mandated DNB Markets and Nordea as joint bookrunners and green bond advisors to arrange a series of fixed income investor calls commencing tomorrow, June 12. At US$118 billion, global green bond issuance fell 11 per cent by the end of . A All . Grieg Seafood is considering raising cash with a green bond issue. PepsiCo, Inc. Green Bond Framework Evaluation Summary Sustainalytics is of the opinion that the PepsiCo, Inc. ("PepsiCo") Green Bond Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2018. Sustainable finance. anticipates allocating 60% of the use of proceeds to Sustainable Aquaculture and Farming the oceans comes with a responsibility. EUR 200m Green Bond. Grieg Seafood has successfully completed a NOK 500 million tap issue under the Company's existing senior unsecured green bond with maturity date 25 June 2025 and ISIN NO0010885007. In addition , it is starting up production in Newfoundland, and a large share of Green Bond Mowi and Grieg Seafood have already issued the first green bonds in the sector, with sustainable feed listed as a key use of proceeds in their respective frameworks. Grieg Seafood ASA has successfully completed a new senior unsecured green bond issue of NOK 1,000 million with maturity date 25 June 2025. Proceeds from the bond will help fund SalMar's investments in green projects, including sustainable fish farms, sustainable smolt (juvenile salmon . Sustainalytics is of the opinion that the Coca-Cola FEMSA Green Bond Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2018 ("GBP"). The deal will make SalMar only the third borrower in the aquaculture sector to issue a green bond, according to IFR data. based on Accountability Framework . Mowi's green bond framework does not specifically mention novel fish feed ingredients but does contain a requirement on 100 percent deforestation-free soy as verified by . The company, which farms salmon in Norway, Scotland and Canada, said today that it had mandated DNB Markets and Nordea as joint bookrunners and green bond advisors to arrange a series of fixed income investor calls commencing tomorrow, June 12. However, due to the pandemic, market flow had fallen below 2019 figures by the end of March. CICERO was a key part of the green bond model developed for the first World Bank green bond together with SEB and helped the market diversify with integrity. Proximar Seafood AS ("Proximar") has mandated ABG Sundal Collier and Nordea as Joint Bookrunners to arrange a series of virtual fixed income investor meetings during week 16 and 17, commencing on [19] April 2021.A NOK denominated senior secured green bond issue may follow, subject to inter alia market conditions. Stockholm (NordSIP) - Green bonds started 2020 promisingly. Last traded on 2022-04-22 00:00:00. July 14, 2020. The report covers all projects which have been financed within our green bond framework. It said a NOK denominated senior . The difference is only that the price is NOK 0.58 cheaper. Grieg Seafood; ISIN NO0010365521; Closed; REAL-TIME; 15:28:24 CET. Grieg Seafood ASA ("GSF") has successfully completed a new senior unsecured green bond issue of NOK 1,000 million with maturity date 25 June 2025. He thus makes as big a purchase as the day before. Grieg Seafood has successfully completed a NOK 500 million tap issue under the Company's existing senior unsecured green bond with maturity date 25 June 2025 and ISIN NO0010885007. Taxonomy, Green Bond Standard, Climate Benchmarks and Climate-related Corporate Exposure NGFS publishes its Sustainable and Responsible Investment Guide for Central Banks' Portfolio Management Bank for International Settlements launches Green Bond fund for central banks 2008 THE FIRST GREEN BOND 2019 World Bank advises first Green Sukuk and The company's USD 750 million green bond will allocate two-thirds of the proceeds to new schemes such as clean energy initiatives and the rest to refinancing debt for projects that include buying and processing certified soy. Grieg Seafood Green Bond. by green bonds issued by SalMar ("Green Bonds"). and Canada, Grieg Seafood produce healthy, protein-rich food in optimal conditions for farming salmon and trout. Sustainalytics is of the opinion that the Kellogg Sustainability Bond Framework is credible and impactful and aligns with the Sustainability Bond Guidelines 2018, Green Bond Principles 2018, and Social Bond Principles 2020. Mowi said the bond issue was significantly oversubscribed, attracting solid investor demand from both dedicated green and regular bond . The total outstanding amount after the tap issue is NOK 1,500 million. January 20, 2020 . Evaluation Summary. SalMar ASA is a Norwegian aquaculture company and one of the world's largest producers of farmed . The Green Bond Framework also outlines the process used to identify, select, and report on eligible projects and the set-up for managing the Green Bond net proceeds. Grieg is pushing for a resumption of the Cerrado Working Group, an entity formed by the . The additional bonds will be issued under a temporary ISIN NO0010908858 until a listing prospectus for the additional bonds has been approved . News & Media; Company News; Listings; Market Notices; . Grieg Seafood has successfully completed a NOK 500 million tap issue under the Company's existing senior unsecured green bond with maturity date 25 June 2025 and ISIN NO0010885007. 'Second Opinion' on Grieg Seafood's Green Bond Framework 1 . Salmon farmer Mowi has raised €200 million with a five-year, senior unsecured inaugural green bond issue, the first green bond ever issued by a seafood company, it said in a market statement today. At the end of 2019, the volume totalled SEK 12.1bn. Grieg Seafood ASA is a Norwegian salmon aquaculture company with current production in Norway, Shetland, and British Columbia. Farming the ocean comes with a responsibility. Grieg Seafood has successfully completed a NOK 500 million tap issue under the Company's existing senior unsecured green bond with maturity date 25 June 2025 and ISIN NO0010885007. . The total outstanding amount after the tap issue is NOK 1,500 million.The additional bonds will be issued under a temporary ISIN NO0010908858 until a listing prospectus for the additional bonds has been approved. The total outstanding amount after the tap issue is NOK 1,500 million. Grieg Seafood is the world's 9th largest producer of Atlantic salmon with salmon farming operations in Norway, UK and Canada. while Grieg Seafood said last year that it would not use proceeds from its . In its "Green Bond Framework," published last month, . Please find our Green Bond Framework and the Second Opinion issued by CICERO Center for International Climate R… . 2015. It said a NOK denominated senior . Grieg Seafood is contemplating a tap issue of up to NOK 500 million under the Company's existing senior unsecured green bond with maturity date 25 June 2025 and ISIN NO0010885007, subject to . Oslo-based seafood producer, Grieg raised 1bn NOK in 2020 through a floating rate green issue that explicitly targeted improved and sustainable salmon aquaculture. The current outstanding amount is NOK 1,000 million and the borrowing limit is NOK 1,500 million. Grieg Seafood is contemplating a tap issue of up to NOK 500 million under the Company's existing senior unsecured green bond with maturity date 25 June 2025 and ISIN NO0010885007, subject to market conditions. The share of the groups total harvest volume originating from Norway is increasing, and will increase from 56 per cent in 2012 to 65 per cent in 2013. Grieg Seafood is contemplating a tap issue of up to NOK 500 million under the Company's existing senior unsecured green bond with maturity date 25 June 2025 and ISIN NO0010885007, subject to market conditions. Grieg Seafood has successfully completed a NOK 500 million tap issue under the Company's existing senior unsecured green bond with maturity date 25 June 2025 and ISIN . Grieg Seafood is considering raising cash with a green bond issue. 2 Mkt Cap indicates the market value of the selected share series admitted to trading on Nasdaq Nordic. Evaluation Summary. Nordea has raised €1bn from a green bond off the back of a €3.1bn orderbook. Fixed Coupon Rate » 2.875% per annum 1 Investments include expenditures on capital projects and other sustainability related spend. By Editors. The total outstanding amount after the tap issue is NOK 1,500 million. Mowi's green bond framework does not specifically mention novel fish feed ingredients but does contain a requirement on 100 percent deforestation-free soy as verified by . Second opinion by CICERO Center for International Climate Research. 02 October 2020. Rooted in nature. Grieg Seafood has successfully completed a NOK 500 million tap issue under the Company's existing senior unsecured green bond with maturity date 25 June 2025 and ISIN NO0010885007. This way, we farm the ocean for a better future. The additional bonds will be issued under a temporary ISIN NO0010908858 until a listing prospectus for the additional bonds has been approved . The additional bonds will be issued under a temporary ISIN NO0010908858 until a listing prospectus for the additional bonds has been approved . We aim for all farms to receive ASC certifications or, if not possible, comply with all possible aspects of the certification within 2023. . 143.3. . For complete information, please visit the company's website. USD300M, 8 Dec 2015 to 10 Dec 2018, 1.25% . Grieg Seafood ASA- senior unsecured green bond issue of NOK 1,000 million (USD$105 million) with maturity date 25 June 2025. Grieg Seafood has successfully completed a NOK 500 million tap issue under the Company's existing senior unsecured green bond with maturity date 25 June 2025 and ISIN NO0010885007. For the purpose of this Green Bond Framework, we are highlighting a selected number of efforts within the Healthy Ocean and . The European green bond standard (EUGBS) is a voluntary standard to help scale up and raise the environmental ambitions of the green bond market. Norwegian Grieg Seafood will not allow any funds from its Green Bond to be used to purchase feed supply from Cargill Aqua Nutrition, which is wholly owned by Cargill Inc. Grieg Seafood has excluded Cargill purchases from the eligible project types because of Cargill Inc.'s connections to deforestation in the Cerrado soy market.. Grieg Seafood sees an opportunity from its Green Bond (issued . . The company's Green bond framework is rated Medium Green by CICERO. In February 2020, the European Securities and Market Authority (ESMA) Global salmon giant Grieg Seafood has excluded Cargill Aqua Nutrition from the proceeds of its NOK 1 billion . We'll send you a myFT Daily Digest email rounding up the latest Green bonds news every morning. Mowi, Grieg Seafood and SalMar are the only three companies to have issued a green bond in the aquaculture sector, bringing the current total amount invested into the sector in green bonds to €689 million. Grieg Seafood publishes Green Bond Report for 2020 In 2020, we successfully completed the placement of a green bond of NOK 1.5 billion. April 6, 2021 . Grieg Seafood is contemplating a tap issue of up to NOK 500 million under the Company's existing senior unsecured green bond with maturity date 25 June 2025 and ISIN NO0010885007, subject to . The additional bonds will be issued under a temporary ISIN NO0010908858 until a listing prospectus for the additional bonds has been approved. The transaction was significantly oversubscribed. The eligible categories for the use of . Bonds; Options & Futures; ETF/ETP; Funds; Market Data. . Grieg Seafood "Blue Green Bond" There have been a number of blue-aligned issues over the past two years, although some of these have been issued as green rather than blue. It follows fellow Norwegian seafood producers Mowi and Grieg Seafood. Green Bond Second Opinion . The capital is allocated to projects that contribute to sustainable farming practices and deliver environmental benefits. Mowi ASA ("Mowi") is a Norwegian salmon fish farming corporate headquartered in Bergen and the world's largest salmon producer Mowi . . The proceeds from the potential tap issue will be used for green projects as further . In a statement on the Oslo Stock Exchange on Friday morning, Grieg Seafood writes that it is contemplating a tap issue of up to NOK 500 (EUR 47 million) under the company's existing senior unsecured green bond with maturity date 25th June 2025, subject to market conditions. The proceeds from the potential tap issue will be used for green projects as further . The approved green assets in Handelsbanken's green register increased in 2019. The total outstanding amount after the tap issue is NOK 1,500 million. 10+ years of experience CICERO has been providing independent research-based evaluation of green bonds since it evaluated the first green bond issued by the World Bank in 2008. Grieg Seafood has excluded Cargill Aqua Nutrition from will be excluded from receiving and proceeds from its Green Projects initiatives, including its first Green Bond issue, until its parent company significantly reduces the environment harm of its operations. The terms and conditions of the underlying documentation for each Green Bond shall provide a reference to this Green Bond . This assessment is based on the following: USE OF PROCEEDS. The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has responded to the European Commission's (EC) targeted consultation on the establishment of the EU green bond standard (GBS). Projects," which is defined in the prospectus for the Green Bond and which generally refers to projects that meet our Green Bond Eligibility Criteria in accordance with PepsiCo's Green Bond Framework. The additional bonds will be issued under a temporary ISIN NO0010908858 until a listing prospectus for the additional bonds has been approved . Grieg Seafood is contemplating a tap issue of up to NOK 500 million under the Company's existing senior unsecured green bond with maturity date 25 June 2025 and ISIN NO0010885007, subject to . Mowi stated a key use of proceeds would go to developing sustainable feed and improving fish welfare, but a closer look reveals the framework relies heavily upon weak certification schemes rather . • Mowi has issued a green bond for nothing more than conducting business as usual - this should be challenged by investors. 'Second Opinion' on Mowi's Green Bond Framework 1 . Establishing this standard was an action in the Commission's 2018 action plan on financing sustainable growth and is part of the European green deal. EDC-Export Development Canada Green Bond framework, impact reports links to all issues 2. The proceeds from the tap issue will be used for green projects as further defined by . Both Mowi and Grieg Seafood's schemes bind their issuers to a Green Bond . Green Equity Assessment Report Annual Limited Assessment Report Green Equity Framework Sustainability Report Other . The Framework holds an Eligibility Assessment from DNV confirming best market practice and alignment with ICMA Green Bond Principles and LMA Green Loan Principles: Second Party Opinion. The success of the recent green bonds issued by aquaculture companies Mowi and Grieg Seafood, the first ever in the seafood sector, demonstrates how lenders to the aquaculture sector can constructively engage with corporate sustainability strategy, said Planet Tracker. This is our tiny way of making the world a better place. However, Mowi's activities have not been without problems. AIB engaged Sustainalytics to review the AIB Green Bond Framework, dated August 2020, and provide a second-party opinion2 on the Framework's environmental credentials and its alignment with the Green Bond Principles 2018 (GBP).3 This Framework has been published in a separate document.4 Lerøy Seafood Group ASA has established a green bond framework: Green Finance Framework. while DNV provided a second party opinion on the firm's transition finance framework. We are dedicated to producing healthy seafood to people all over the world while reducing our footprint and improving fish welfare. Rooted in nature. In mid-February, global green bond issuance was up 14 per cent compared to the record year of 2019. The 5-year bond, which pays 1.125%, saw an estimated greenium of 3bp. The current outstanding amount is NOK 1,000 million and the borrowing limit is NOK 1,500 million. The total . 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