uncategorized · 6/7/2005


The subscription for Neste Oil Corporation notes 1/2005 and 2/2005 was suspended due to oversubscription on the first subscription day 7 June 2005. The amount of the 4-year floating rate note 1/2005 to be issued will be EUR 80 million, and that for the 7-year fixed rate note 2/2005 EUR 120 million. The issue date for the floating rate note has been set at 22 June 2005 and for the fixed rate note, 20 June 2005.

The yield for the floating rate note 1/2005 is three-month euribor + 0.40%. The coupon rate for the fixed rate note 2/2005 is 3.50% and the issue price is 99.606%.
The proceeds from the notes will be used to diversify Neste Oil's financing structure and the overall maturity of the company's loan portfolio.

OKO Osuuspankkien Keskuspankki Oyj (OKO Bank) and Sampo Bank plc were acting as the joint lead arrangers for the notes.
Neste Oil Corporation
Osmo Kammonen
Senior Vice President, Communications