Credit programs
Financing
Neste’s financing activities are managed by Group Treasury. The Euro Medium Term Note (EMTN) Programme with A3 long term issuer rating assigned by Moody’s supports Neste’s entry to the debt capital market. The group’s liquidity is secured through term loan agreements, committed revolving credit facilities, overdraft agreements and commercial paper programme.
EMTN Programme
Euro Medium Term Note (EMTN) Programme
Neste’s Euro Medium Term Note (EMTN) programme supports flexible issuance of bonds. The base prospectus can be found here.
Bond issues under the EMTN programme.
Time | Amount, MEUR | Coupon rate | Issue price | Joint lead managers | |
|---|---|---|---|---|---|
5 year fixed rate green note | 3/2025 | 700 | 3.750 | 99.602 | BNP Paribas, Danske Bank A/S, ING Bank N.V., Nordea Bank Abp, UniCredit Bank GmbH |
7.5 year fixed rate green note | 11/2023 | 600 | 3.875 | 98.995 | Barclays, Citigroup Global Markets Limited, Credit Agricole CIB, OP Corporate Bank plc, SEB |
6 year fixed rate green note | 3/2023 | 500 | 3.875 | 99.606 | BNP Paribas, Citigroup Global Markets Limited, Danske Bank A/S, ING Bank N.V. and Nordea Bank Abp |
10 year fixed rate green note | 3/2023 | 500 | 4.250 | 99.936 | BNP Paribas, Citigroup Global Markets Limited, Danske Bank A/S, ING Bank N.V. and Nordea Bank Abp |
Stand-alone Bond
Bond issue under the stand-alone prospectus.
Time | Amount, MEUR | Coupon rate | Issue price | Joint lead managers | |
|---|---|---|---|---|---|
7 year fixed rate green note | 3/2021 | 500 | 0.750 | 98.987 | Barclays Bank Ireland PLC, Citigroup Global Markets Limited and Nordea Bank Abp |
The prospectuses can be found here.
Green Term Loans
Green Term Loan June 2022
Green term loan to finance Eligible Assets and Projects in accordance with Neste’s Green Finance Framework established in 2021
EUR 500 million
Maturing June 2027
Coordinating mandated lead arrangers and bookrunners Danske Bank A/S and OP Corporate Bank plc
Green Term Loan June 2024
Green term loan to finance Eligible Assets and Projects under Neste’s Green Finance Framework renewed in 2024
EUR 200 million
Maturing June 2030
Lender UniCredit Bank Austria AG
Green Term Loan July 2024
Green term loan to finance Eligible Assets and Projects under Neste’s Green Finance Framework renewed in 2024
EUR 150 million
Maturing July 2026
Lender Danske Bank A/S
Green Term Loan October 2024
Green term loan to finance Eligible Assets and Projects under Neste’s Green Finance Framework renewed in 2024
EUR 200 million
Maturing October 2029
Lender Skandinaviska Enskilda Banken AB (Publ)
Revolving Credit Facilities
Revolving Credit Facility 2025
Revolving Credit Facility dated 9 April 2025
Facility amount EUR 1.3 billion
Maturity April 2030
13 mandated lead arrangers and bookrunners
Bilateral Revolving Credit Facilities
EUR 75 million, maturity December 2025
EUR 250 million, maturity December 2026
EUR 200 million, maturity December 2027
EUR 175 million, maturity April 2028
EUR 125 million, maturity April 2028
Overdraft Facilities
Bilateral overdraft agreements with cash pool banks
up to EUR 50 million by bank
totalling EUR 150 million
Commercial Paper Program
Finnish Commercial Paper Program
EUR 400 million unsecured short term notes with maturities less than one year
Dealers OP Corporate Bank, Nordea, Danske Bank, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ), Helsinki Branch.
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