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 1/2015 500 2,125 99,467

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

7 year fixed rate note 2/2012 400 4,00 99,533 Nordea Bank Finland Plc and SEB AB, Helsinki Branch
5 year fixed rate note 1/2012 250 4,00 99,711 Danske Markets and Pohjola Markets

Revolving credit facility 2014

  • EUR 1.5 billion
  • Tenor 5 years with two 1-year extension options at the approval of the banks.
  • Co-ordinators: Barclays Bank PLC, Crédit Agricole CIB, Danske Bank and Pohjola Bank plc.
  • Bookrunners and Mandated Lead Arrangers: Barclays Bank PLC, BNP Paribas, Crédit Agricole CIB, Danske Bank, DBS Bank Ltd, HSBC Bank plc, ING, Nordea, Pohjola Bank plc, SEB, Svenska Handelsbanken, Swedbank, The Bank of Tokyo-Mitsubishi UFJ, Ltd. and UniCredit.
  • Lead Arrangers: Citibank, DNB Bank ASA, Intesa Sanpaolo, Scotiabank, The Royal Bank of Scotland plc and Westpac.

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