SalMar issues NOK 1.3 bn in commercial papers

SalMar ASA, rated BBB+ by Nordic Credit Rating, today announced the issuance of two new commercial papers, totaling NOK 1.3 billion. Both issues have a common issue date of September 15, 2025, and will mature on September 15, 2026.

One commercial paper is a floating rate note with a nominal amount of NOK 650 million, featuring a limit of NOK 1 billion. Its coupon is set at 3-month NIBOR + 50 basis points. The second paper is a fixed rate commercial paper, also with a nominal amount of NOK 650 million and a corresponding limit of NOK 650 million. This fixed-rate paper carries a coupon of 4.58% p.a. DNB Carnegie served as the manager for both issuances.

SalMar is recognized as one of the world's largest salmon producers, with extensive farming operations across Central Norway, Northern Norway, and Iceland. The company also engages in harvesting and secondary processing and has interests in offshore aquaculture through SalMar Ocean, as well as a 50% stake in Scottish Sea Farms Ltd.