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Published on 9/30/2022 in the Prospect News Green Finance Daily and Prospect News High Yield Daily.

New Issue: Benchmark issues NOK 750 million floating-rate green bonds due 2025

Chicago, Sept. 30 – Benchmark Holdings plc issued NOK 750 million of floating-rate green bonds with a three-year tenor, according to a notice.

The senior bonds will have interest based on Nibor plus 650 basis points.

DNB Markets is the sole bookrunner.

Proceeds are being used to refinance the company’s outstanding senior secured bonds, which mature in June 2023, and to finance green projects according to the company’s green bond framework.

Benchmark is an aquaculture health, nutrition and genetics business based in Sheffield, England.

Issuer:Benchmark Holdings plc
Amount:NOK 750 million
Issue:Senior green bonds
Maturity:Sept. 27, 2025
Bookrunner:DNB Markets
Coupon:Nibor plus 650 bps
Trade date:Sept. 16
Settlement date:Sept. 27

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