By Mary-Katherine Stinson
Lexington, Ky., April 19 – Leroy Seafood Group ASA (Nordic Credit: BBB+) priced a three-part senior green bond issue totaling NOK 1.5 billion on Wednesday, according to a notice.
The NOK 500 million five-year tranche priced with a coupon of Nibor plus 150 basis points.
The last two tranches feature a fixed coupon rate.
The NOK 500 million seven-year tranche priced with a coupon of 5.1%.
Finally, the NOK 500 million 10-year tranche priced with a coupon of 5.315%.
Investor meetings for the bonds were held on Tuesday.
Danske Bank and DNB Markets are the joint lead managers.
Based in Bergen, Norway, Leroy distributes and markets seafood.
| Issuer: | Leroy Seafood Group ASA
|
| Amount: | NOK 1.5 billion
|
| Issue: | Senior green bonds
|
| Joint lead managers: | Danske Bank and DNB Markets
|
| Pricing date: | April 19
|
| Settlement date: | April 26
|
| Rating: | Nordic Credit: BBB+
|
|
|
| Five-year floaters
|
| Amount: | NOK 500 million
|
| Tenor: | Five years
|
| Coupon: | Nibor plus 150 bps
|
|
|
| Seven-year bonds
|
| Amount: | NOK 500 million
|
| Tenor: | Seven years
|
| Coupon: | 5.1%
|
|
|
| 10-year bonds
|
| Amount: | NOK 500 million
|
| Tenor: | 10 years
|
| Coupon: | 5.315%
|
|
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