Credit programs

Neste's funding consists of the following credit programs:

Bond issues

Revolving credit facility 2014:

Amount: EUR 1.5 billion

Tenor: 5 years with two 1-year extension options at the approval of the banks

Coordinators: 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:

Amount: Max. EUR 400 million unsecured short-term notes with maturities less than one year  

Dealers: Pohjola Bank plc, Nordea, Sampo Bank plc, 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:

EUR 50 million per bank totaling EUR 150 million

Investment loan 2011:

Loan from Nordic Investment Bank (NIB) totaling EUR 50 million to fund research on extending the range of raw materials used for producing renewable diesel.

Bilateral loans 2008:

Bilateral loan from financial institution totaling EUR 40 million.

Investment loans 2005–2007:

Loans from NIB totaling EUR 80 million for Diesel and NEXBTL investments.