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Odfjell raises millions of dollars through sustainable bonds

Norwegian chemical tanker carrier Odfjell has just succeeded in issuing a new bond totaling USD 100 million for the company. The bond is conditioned on the shipping company complying with its sustainability targets.

Kristian Mørch CEO of Odfjell. | Photo: PR/Odfjell

Norway's Odfjell has just completed what the company itself calls a sustainability-linked bond.

The bond issuance raises NOK 850 million (USD 100 million) set to mature on Jan. 21 2025. According to Odfjell, the bond is the first issued under a new sustainability-linked finance framework and is linked to the shipping company's plans for optimizing its fleet and lowered its CO2 emissions.

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