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Credit programs

Neste's financing consists i.e. of the following credit programs and/or loans.
 

Bond Issues

  Time Amount, MEUR Coupon rate Issue price Joint lead managers
7 year fixed rate green note 1/2021 500 0.750 98.987 Barclays Bank Ireland PLC, Citigroup Global Markets Limited and Nordea Bank Abp
7 year fixed rate note 1/2017 400 1.500 99.947 BNP Paribas, ING Bank N.V. and Nordea Bank AB (Publ)

 

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

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
  • Tenor 3 years with two 1-year extension options.
  • Coordinating mandated lead arrangers and bookrunners: Danske Bank A/S and OP Corporate Bank plc

Domestic commercial paper program

  • Total of 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), 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