Odfjell SE: Contemplated sustainability-linked bond issue

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Odfjell SE (the “Company”) has mandated DNB Markets, Nordea and SEB to arrange a series of fixed income investor calls commencing January 11, 2021.

Following the investor calls, a sustainability-linked NOK denominated four-year senior unsecured bond issue may follow, subject to market conditions. Proceeds from the potential bond issue will be used for general corporate purposes, including refinancing of existing bonds.

The potential bond issue will be linked to Odfjell’s fleet transition plan and ambition to reduce the carbon intensity of its controlled fleet by 50% by 2030 compared to 2008 level. The issue is supported by Odfjell’s Sustainability-Linked Finance Framework (the “Framework”). The Framework has received a Second Party Opinion (the “SPO”) from DNV GL. The Framework and SPO will be made available on the Company’s website, and the proposed bond is intended to be listed on the Euronext ESG Bonds list.

Investor Relations:
Bjørn Kristian Røed
VP Corporate Analysis & Investor Relations
Tel: +47 40 91 98 68
Email: bkr@odfjell.com  

Anngun Dybsland
Head of Communications
Tel. +47 41 54 88 54
Email: media@odfjell.com

The Odfjell Group is one of the leading players in the global market for seaborne transportation and storage of chemicals and other specialty bulk liquids. The Odfjell fleet comprises of approx. 90 ships, which trade both globally and regionally. The tank terminal division consists of five tank terminals and is part of a network of another 12 tank terminals partly owned by related parties. The tank terminals are strategically located at selected international shipping hubs. The Odfjell Group’s headquarters are in Bergen, Norway, and the Group has offices in 13 locations around the world. Odfjell employs around 2300 staff and posted annual gross revenue of USD 872 million in 2019. Read more on Odfjell.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.