Neste will issue a 5-year bond for €700 million, paying a coupon of 3.75%.
March 17 2025
Neste Corporation has issued a €700 million green bond with a 5-year maturity and a fixed coupon of 3.75%. This issuance was made under its EMTN (Euro Medium Term Note) program, updated on September 12, 2024, and supplemented on March 10, 2025. The company will apply for a listing on Euronext Dublin.
The proceeds will be allocated to eligible projects and assets under Neste’s Green Finance Framework. This framework is available on the company’s website.
Anssi Tammilehto, Neste’s interim CFO, commented: “Although the renewables market has faced challenges recently, we have a clear plan ahead. We are pleased with the strong participation of high-quality investors in this new issuance. The net proceeds from this green bond are expected to be used for the expansion of our refinery in Rotterdam, which is projected to become the world’s largest renewable diesel and sustainable aviation fuel facility.”
BNP Paribas, Danske Bank A/S, ING Bank N.V., Nordea Bank Abp and UniCredit Bank GmbH acted as joint lead managers for this transaction.
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