Bonheur ASA explores green bond issue with investor meetings

Bonheur ASA has appointed DNB Carnegie and Pareto Securities as joint lead managers to conduct a series of fixed income investor meetings starting September 2, 2025. These meetings could lead to a NOK-denominated 5-year senior unsecured green bond issue, contingent on market conditions. The company, an industrial investor since 1848, is listed on the Oslo Stock Exchange and has a 33-year track record in renewables, aligning with the green bond initiative.

The company's updated presentation for September 2025 outlines its diverse segments, including renewable energy, wind service, cruise, and other investments. For Q2 2025, Bonheur ASA reported a total revenue of NOK 3,251m and EBITDA of NOK 1,053m. The financial policy emphasizes a strong financial and liquidity position, aiming to generate long-term shareholder value through capital allocation to attractive areas, considering both organic growth and M&A opportunities.

Key highlights from the presentation include significant progress in the renewable energy sector, with Fred. Olsen Renewables and Fred. Olsen Seawind advancing wind farm projects, including onshore consent for the Muir Mhòr project in Scotland. Fred. Olsen 1848 also secured a DNV Basic Design Certificate for its floating wind foundation and completed model tests for floating solar solutions. The wind service segment, despite mixed activity, maintains a strong backlog of €357m, while Fred. Olsen Cruise Lines reported increased passenger numbers and cumulative sales.