OTAQ looks to raise up to £2m in loan capital

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Marine technology business OTAQ is planning to raise between £1.5m and £2m through an issue of convertible loan notes. The announcement comes alongside the company’s latest trading update, which reports an “encouraging” first quarter for 2024.

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Mowi raises millions in green bonds issue

Salmon giant Mowi has successfully raised around £255m (€298m/NOK 3.5bn) in green bonds. Mowi said green bond finance will be used for sustainable and environmentally friendly projects as defined by Mowi’s Green and Sustainability-Linked Financing Framework. It added: “The entire issue amount and coupons will be swapped into floating EUR. The transaction was well oversubscribed.”…

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Mowi ready for a further green bond issue

Salmon farming giant Mowi is set to raise additional finance through issuing more green bonds, the company announced yesterday. In a stock exchange announcement, Mowi said that it has mandated Danske Bank (Green Bond Advisor), DNB Markets, Nordea and SEB as Global Coordinators and Joint Lead Managers, and ABN AMRO, Crédit Agricole Corporate and Investment…

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Bluefront Equity launches new seafood fund

Seafood investor Bluefront Equity has launched its second investment fund by securing US $50m (£40.4m) for sustainable projects. Interest is thought to be very high, with the launch reported to be attracting considerable international attention both in Norway and elsewhere. Global impact investment firm Cambridge Associates is one of the lead investors in Bluefront Capital…

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