There's no shortage of investment in the seafood sector, but increasingly, financiers are looking for ways to deploy their capital in sustainable operations.
Norwegian savings bank Sparebank 1 SMN and the Marine Stewardship Council (MSC) are experimenting with financing instruments to facilitate further eco-investments in the space with the issuance of the first "green bond" for sustainable fisheries.
The bond is worth €500 million ($552 million) with a seven year maturity date at a six-monthly coupon rate of 0.125,
