MoFo Represents Yara International ASA on $600 Million Debut Green Bond Offering

Morrison Foerster represented Yara International ASA (“Yara”) (Oslo Stock Exchange: YAR) in connection with its successful debut green bond offering of $600 million 7.378% Green Notes due 2032. The offering closed on November 14, 2022 and was made pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended.

Yara intends to allocate an amount equivalent to the net proceeds from the offering to finance or refinance, in whole or in part, one or more new or existing green investments or assets relating to green ammonia, premium fertilizer production assets or carbon capture and storage, in accordance with its Green Financing Framework (July 2022).

Founded in 1905 to solve the emerging famine in Europe, Yara is a global leader in the production, distribution and sale of nitrogen-based fertilizers and related industrial products. Yara’s ambition is focused on growing a nature‑positive food future that creates value for its customers, shareholders and society at large and delivers a more sustainable food value chain.

The MoFo deal team advising Yara was led out of London by finance partner Matthew Dunlap and finance associates Rebecca DeLong and Laura Van Der Griendt.