NESTE OIL PREPARING TO ISSUE TWO DOMESTIC BONDS WITH A COMBINED VALUE OF EUR 200 MILLION
Neste Oil Corporation is preparing to issue two bonds to be offered primarily to Finnish institutional investors with a combined value of maximum 200 million euros.
OKO Bank Corporation and Sampo Bank plc will act as lead banks for the bonds. The intention is to list the bonds on the Helsinki Stock Exchange.
The bonds form part of Neste Oil's normal financing operations.
"We plan to use the proceeds to diversify our financing structure and the overall maturity of our loan portfolio," Neste Oil's CFO, Petri Pentti says.