SalMar ASA announced the issuance of two new commercial papers, each with a nominal value of NOK 650 million. The issue date for both is set for September 15, 2025, with maturity on September 15, 2026.
The first commercial paper is a floating rate note (FRN) with a nominal amount of NOK 650 million and an upper limit of NOK 1 billion. It carries a coupon rate of three-month NIBOR plus 50 basis points. The second is a fixed-rate note with the same nominal amount but capped at NOK 650 million, offering an annual coupon rate of 4.58%. DNB Carnegie acted as manager for the issuance.
SalMar ASA holds a BBB+ rating from Nordic Credit Rating. The company is among the largest global producers of salmon and operates farming activities in Central Norway, Northern Norway, and Iceland. SalMar also has significant harvesting and secondary processing operations. Through SalMar Ocean, it engages in offshore aquaculture and owns half the shares in Scottish Sea Farms Ltd.
Further details about SalMar can be found at www.salmar.no.
“This information is subject to the disclosure requirements stipulated in section
5-12 of the Norwegian Securities Trading Act.”