Neste Corporation, Press Release, 9 March 2023 at 8:30 pm. (EET)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Neste Corporation issues a EUR 500 million green bond with 6-year maturity and a EUR 500 million green bond with 10-year maturity under its EMTN (Euro Medium Term Note) programme established on 6 March 2023, and will pay a fixed coupon of 3.875 per cent and 4.250 per cent, respectively. Neste Corporation will apply for the listing of the bonds on Euronext Dublin.
The proceeds from the issues will be applied for Eligible Projects and Assets as set out in Neste Corporation’s Green Finance Framework. BNP Paribas, Citigroup Global Markets Limited, Danske Bank A/S, ING Bank N.V. and Nordea Bank Abp acted as joint lead managers for the transaction.
“We were very pleased to see a strong, diverse demand, demonstrated by the well oversubscribed books, in our new green bonds. The successful outcome validates and supports Neste’s vision of being a global leader in renewable and circular solutions,” says Martti Ala‑Härkönen, Chief Financial Officer of Neste.
Vice President, Communications
For more information, please contact:
Martti Ala‑Härkönen, Executive Vice President, CFO, Strategy and IT, Neste, tel: +358 40 737 6633
Katariina Perkkiö, Vice President, Group Treasurer and Chief Risk Officer, Neste, tel: +358 50 458 1492
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world’s leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce their greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. We have committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. We also have set high standards for biodiversity, human rights and supply chain. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2022, Neste's revenue stood at EUR 25.7 billion. Read more: neste.com.
The information contained in this release shall not constitute an offer to sell or the solicitation of offers to buy securities of Neste Corporation in any jurisdiction and the information contained herein may not be distributed or published in any jurisdiction or under any circumstances in which it is not authorized or is unlawful. In particular, this release does not constitute an offer to sell, or a solicitation of offers to buy or subscribe for, securities in the United States or in any other jurisdiction or under the circumstances described in the base prospectus available at www.neste.com/investors/credit/prospectuses. Any securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered, exercised or sold in the United States or to U.S. persons absent registration or an applicable exemption from registration requirements. Any offering of securities made outside the United States will be made in offshore transactions in reliance on Regulation S under the Securities Act and by means of the base prospectus.
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