Proximar Seafood Pursues Convertible Bond and Launches Strategic Review as It Eyes Profit

Proximar Seafood, the Norwegian land-based salmon farmer operating at the foot of Mount Fuji in Japan, is planning a private placement of a convertible bond with a minimum initial tranche of NOK 100 million and has initiated a strategic review with the engagement of Japanese investment bank Nomura International, the company announced on July 10.
The convertible bond — structured with a July 2029 maturity and a conversion price of NOK 0.60 per share — will comprise at least NOK 75 million in new subscriptions and NOK 25...
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