November 15, 2023 [Neste]- Neste Corporation issues a EUR 600 million green bond with 7.5-year maturity under its EMTN (Euro Medium Term Note) programme established on 6 March 2023 as supplemented by the supplement dated 9 November 2023, and will pay a fixed coupon of 3.875 per cent. Neste Corporation will apply for the listing of the bond on Euronext Dublin.
The proceeds from the issue will be applied for Eligible Projects and Assets as set out in Neste Corporation’s Green Finance Framework.
The base prospectus dated 6 March 2023 as supplemented by the supplement dated 9 November 2023 and the Green Finance Framework are available on Neste Corporation’s website.
“It was very encouraging to see the strong investor support for Neste on our third green bond issue of the year. The orderbook reached over 5 times oversubscribed, with participation from institutional investors across Europe. The successful outcome serves as a vindication of our strategy, transformation, and vision to become a global leader in renewable and circular solutions,” says Martti Ala-Härkönen, Chief Financial Officer of Neste.
Barclays Bank Ireland PLC, Citigroup Global Markets Limited, Credit Agricole Corporate and Investment Bank, OP Corporate Bank plc and Skandinaviska Enskilda Banken AB (publ) acted as joint lead managers for the transaction.
12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data