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Credit programs

Neste's financing consists of the following credit programs.
 

Bond Issues

  Time Amount, MEUR Coupon rate Issue price Joint lead managers
7 year fixed rate note 1/2017 400 1,500 99,947 BNP Paribas, ING Bank N.V. and Nordea Bank AB (Publ)
7 year fixed rate note 1/2015* 500 2,125 99,467

Barclays Bank PLC, Crédit Agricole Corporate and Investment Bank, Danske Bank A/S and Mitsubishi UFJ Securities International plc.

*Neste tendered EUR 179 million of the bond in June 2017

Revolving credit facility 2019

Revolving Credit Facility with a margin linked to greenhouse gas emissions reduction target

  • EUR 1.2 billion
  • Tenor 5 years with two 1-year extension options
  • Co-ordinators: Barclays Bank Ireland PLC, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank and Danske Bank A/S
  • Bookrunners and Mandated Lead Arrangers: Barclays Bank Ireland PLC, BNP Paribas, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, Danske Bank A/S, DBS Bank Ltd, HSBC, ING, Nordea, OP Corporate Bank plc, SEB, Swedbank, and UniCredit

Domestic commercial paper program

  • Total of EUR 400 million unsecured short term notes with maturities less than one year
  • Dealers: Pohjola Bank, Nordea, Danske Bank, Skandinaviska Enskilda Banken AB (publ), Svenska Handelsbanken AB (publ) and Swedbank AB (publ), Helsinki Branch.

Overdraft facilities for bank accounts with selected cash pool banks

Max. EUR 50 million per bank totalling EUR 150 million