By: ICN Bureau
Last updated : March 12, 2023 8:31 am
The proceeds from the issues will be applied for eligible projects and assets as set out in Neste Corporation’s Green Finance Framework.
Neste Corporation issues a €500 million green bond with 6-year maturity and a € 500 million green bond with 10-year maturity under its EMTN (Euro Medium Term Note) programme established on 6 March 2023, and will pay a fixed coupon of 3.875 % and 4.250%, respectively. Neste Corporation will apply for the listing of the bonds on Euronext Dublin.
The proceeds from the issues will be applied for eligible projects and assets as set out in Neste Corporation’s Green Finance Framework. BNP Paribas, Citigroup Global Markets, Danske Bank, ING Bank and Nordea Bank Abp acted as joint lead managers for the transaction.
“We were very pleased to see a strong, diverse demand, demonstrated by the well oversubscribed books, in our new green bonds. The successful outcome validates and supports Neste’s vision of being a global leader in renewable and circular solutions,” says Martti Ala‑Härkönen, Chief Financial Officer of Neste.