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. The 5-year bond, which pays 1.125%, saw an estimated greenium of 3bp. 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 current outstanding amount is NOK 1 billion (EUR 94 million) and . 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 . 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. Grieg Seafood ASA has successfully completed a new senior unsecured green bond issue of NOK 1,000 million with maturity date 25 June 2025. 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. 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. DNB Markets acted as Joint Bookrunner and Joint Green Bond Advisor . 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. Grieg Seafood Bond Investor Presentation June 2020 Rooted in nature. 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. • Mowi has issued a green bond for nothing more than conducting business as usual - this should be challenged by investors. Grieg Seafood is well placed to participate in the growth that has been announced under new green licenses in Norway. The additional bonds will be issued under a temporary ISIN NO0010908858 until a listing prospectus for the additional bonds has been approved . Grieg Seafood ASA- senior unsecured green bond issue of NOK 1,000 million (USD$105 million) with maturity date 25 June 2025. In mid-February, global green bond issuance was up 14 per cent compared to the record year of 2019. while Grieg Seafood said last year that it would not use proceeds from its . . 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. Evaluation Summary. . Lerøy Seafood Group ASA has established a green bond framework: Green Finance Framework. Grieg Seafood ASA . 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 . 02 October 2020. 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 . Green Bond Second Opinion . SalMar ASA . Rooted in nature. Grieg Seafood ASA is a Norwegian salmon aquaculture company with current production in Norway, Shetland, and British Columbia. The additional bonds will be issued under a temporary ISIN NO0010908858 until a listing prospectus for the additional bonds has been approved . For additional documents regarding Lerøy Seafood Group ASA and . based on Accountability Framework . The report covers all projects which have been financed within our green bond framework. The company's Green bond framework is rated Medium Green by CICERO. The deal will make SalMar only the third borrower in the aquaculture sector to issue a green bond, according to IFR data. The transaction was significantly oversubscribed. Kaarvik has 10 years of financial experience in the salmon farming industry . This assessment is based on the following: USE OF PROCEEDS. People, partnerships, technologies and innovations will help us get there. Bergen, NORWAY. Grieg Seafood is considering raising cash with a green bond issue. ESMA highlighted that the success of the EU GBS will be determined by whether it is . 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 proceeds from the tap issue will be used for green projects as further defined by . 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. 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. 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. 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. We are dedicated to producing healthy seafood to people all over the world while reducing our footprint and improving fish welfare. GRIEG SEAFOOD ASA. Grieg Seafood. Mowi ASA . The proceeds from the potential tap issue will be used for green projects as further . 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. At the end of 2019, the volume totalled SEK 12.1bn. It is based on the recommendations of the . Norway's Grieg Seafood has issued bonds worth NKr1bn ($105m) with an unusual condition: that the . For the purpose of this Green Bond Framework, we are highlighting a selected number of efforts within the Healthy Ocean and . The eligible categories for the use of . 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 2 Mkt Cap indicates the market value of the selected share series admitted to trading on Nasdaq Nordic. 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 . Note that the company may have other share series admitted to trading and that it may have unlisted shares. It follows fellow Norwegian seafood producers Mowi and Grieg Seafood. Green Bond Second Opinion . The difference is only that the price is NOK 0.58 cheaper. Grieg is pushing for a resumption of the Cerrado Working Group, an entity formed by the . the underlying components of their financial products (e.g., green bonds included in a bond fund carrying the EU Ecolabel). By Editors. 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. EUR 200m Green Bond. Norwegian seafood firm Grieg has signed a NOK3.2bn (€317m) sustainability-linked financing package . The proceeds from the potential tap issue will be used for green projects as further . Nordea has been the sole Green Bond Structuring Advisor of Proximar's Green Bond . Second opinion by CICERO Center for International Climate Research. The total outstanding amount after the tap issue is NOK 1,500 million. 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. Global salmon giant Grieg Seafood has excluded Cargill Aqua Nutrition from the proceeds of its NOK 1 billion . Renete Kaarvik is Global Finance Officer in Grieg Seafood. Bonds; Options & Futures; ETF/ETP; Funds; Market Data. Grieg Seafood publishes Green Bond Report for 2020 In 2020, we successfully completed the placement of a green bond of NOK 1.5 billion. 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 . Sustainable finance. April 6, 2021 . by green bonds issued by SalMar ("Green Bonds"). In addition , it is starting up production in Newfoundland, and a large share of Green Bond Download Green Bond Framework Download Second Party Opinion. The current outstanding amount is NOK 1,000 million and the borrowing limit is NOK 1,500 million. In its "Green Bond Framework," published last month, . 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. July 14, 2020. 143.3. . 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. Please find our Green Bond Framework and the Second Opinion issued by CICERO Center for International Climate R… The total outstanding amount after the tap issue is NOK 1,500 million. This assessment is based on the following: Products, (ii) Renewable This bond . People, partnerships, technologies and innovations will help us get there. The additional bonds will be issued under a temporary ISIN NO0010908858 until a listing prospectus for the additional bonds has been approved. 'Second Opinion' on Mowi's Green Bond Framework 1 . 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. 2015. USD300M, 8 Dec 2015 to 10 Dec 2018, 1.25% . Grieg Seafood is the world's 9th largest producer of Atlantic salmon with salmon farming operations in Norway, UK and Canada. Mowi said the bond issue was significantly oversubscribed, attracting solid investor demand from both dedicated green and regular bond . . However, due to the pandemic, market flow had fallen below 2019 figures by the end of March. 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 . EDC-Export Development Canada Green Bond framework, impact reports links to all issues 2. Fixed Coupon Rate » 2.875% per annum 1 Investments include expenditures on capital projects and other sustainability related spend. Green Bond Second Opinion . Grieg Seafood Green Bond. The funds will come from Sysco-issued Green, Social or Sustainability Bonds to fund projects that qualify. Last traded on 2022-04-22 00:00:00. At the time of issue, in the summer of 2018, these amounted to approximately SEK 10bn. 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. The eligible categories for the use of proceeds - Renewable Energy . It said a NOK denominated senior . 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. SalMar ASA is a Norwegian aquaculture company and one of the world's largest producers of farmed . The total outstanding amount after the tap issue is NOK 1,500 million. investors and NGOs during the company's recent green bond process. Farming the ocean comes with a responsibility. 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. We'll send you a myFT Daily Digest email rounding up the latest Green bonds news every morning. 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. January 20, 2020 . New bond loan of NOK 400m, refinancing second priority loan of NOK 300m. In February 2020, the European Securities and Market Authority (ESMA) The additional bonds will be issued under a temporary ISIN NO0010908858 until a listing prospectus for the additional bonds has been approved . The current outstanding amount is NOK 1,000 million and the borrowing limit is NOK 1,500 million. Green Bond Report 2020 Grieg Seafood Green Bond Framework. 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. 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 Stockholm (NordSIP) - Green bonds started 2020 promisingly. 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). Grieg Group is the majority shareholder in . We are dedicated to providing healthy seafood to people all over the world while reducing our footprint and improving fish welfare. Nordea has raised €1bn from a green bond off the back of a €3.1bn orderbook. The total . 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 . News & Media; Company News; Listings; Market Notices; . Green bond proceeds will finance salmon investments into its operations in Norway. At US$118 billion, global green bond issuance fell 11 per cent by the end of . 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