Neste Corporation issues a EUR 700 million green bond with 5-year maturity

Neste Corporation, Press Release, 13 March 2025 at 8 p.m. (EET)

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Neste Corporation issues a EUR 700 million green bond with 5-year maturity under its EMTN (Euro Medium Term Note) programme updated on 12 September 2024 and supplemented by the supplement dated 10 March 2025, and will pay a fixed coupon of 3.750 per cent. Neste Corporation will apply for the listing of the bond on Euronext Dublin.

The proceeds from the issue will be applied for Eligible Projects and Assets as set out in Neste Corporation’s Green Finance Framework.

The base prospectus dated 12 September 2024 as supplemented by the supplement dated 10 March 2025 and the Green Finance Framework are available on Neste Corporation’s website at www.neste.com/investors/credit/prospectuses and www.neste.com/investors/credit/green-finance. 

“The recent development in the renewables market has been challenging, but we have a clear plan forward. We are pleased to see strong participation from high-quality investors in this new issue. The net proceeds from this Green Bond are expected to be steered towards our expansion of the Rotterdam refinery, which is expected to become the world's largest renewable diesel and sustainable aviation fuel facility,” says Anssi Tammilehto, Interim CFO of Neste.

BNP Paribas, Danske Bank A/S, ING Bank N.V., Nordea Bank Abp and UniCredit Bank GmbH acted as joint lead managers for the transaction.

Neste Corporation

Hanna Maula
Senior Vice President, Communications, Sustainability and Public Affairs

For more information, please contact:

Anssi Tammilehto, Interim Chief Financial Officer, and SVP, Strategy, M&A and Investor Relations, Neste, tel: +358 50 458 8436
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 mitigating climate change and accelerating a shift to a circular economy. The company is the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel, enabling its customers to reduce their greenhouse gas emissions. Neste refines waste, residues and other renewable raw materials to high-quality renewable fuels at its refineries located on three continents. The company’s annual renewable fuels production capacity will be increased to 6.8 million tons in 2027. 

Neste has high standards for sustainability and the company has consistently been recognized by several leading sustainability indices. In 2024, Neste's revenue stood at EUR 20.6 billion. Read more: neste.com 

Important Information

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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