Mowi fishes for green credentials with €200m bond issue

By Karoliina Liimatainen
20 Jan 2020

Mowi, one of the largest seafood companies in the world, issued a €200m green bond this week. The Norwegian fish farmer advertises seafood as an environmentally friendlier and healthier alternative to meat but has also faced claims that it endangers ecosystems with its net-pen salmon farms.

Mowi, previously known as Marine Harvest, completed the €200m issue of senior unsecured notes successfully on Thursday, with the books bulging with over €700m worth of orders. The floating rate bond was priced tightly at just 160bp over three-month Euribor, after initial price thoughts of 175

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