Neste Oil issues EUR 500 million bond

Neste Oil issues EUR 500 million bond

Neste Oil Corporation issues a EUR 500 million bond. The 7-year bond carries a coupon of 2.125%.

The bond offering was clearly oversubscribed and the bonds were allocated to approximately 150 investors. Neste Oil Oyj will apply for the listing of the bonds on the NASDAQ OMX Helsinki.

The proceeds of the offering will be used for refinancing and general corporate purposes. Barclays Bank PLC, Crédit Agricole Corporate and Investment Bank, Danske Bank A/S and Mitsubishi UFJ Securities International plc acted as joint bookrunners for the transaction.

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