Neste Oil issues EUR 400 million bond
Neste Oil Corporation issues an EUR 400 million bond. The 7-year bond carries a coupon of 4.00%.
The bond offering was clearly oversubscribed and the bonds were allocated to more than 130 investors. The bonds will be listed on the NASDAQ OMX Helsinki.
The proceeds of the offering will be used for refinancing and general corporate purposes. Nordea and SEB acted as joint bookrunners for the transaction.
Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products and is the world’s leading supplier of renewable diesel. Neste Oil had net sales of EUR 15.4 billion in 2011 and employs around 5,000 people, and is listed on NASDAQ OMX Helsinki.
Neste Oil is included in the Dow Jones Sustainability World Index and the Ethibel Excellence Investment Register, and has featured in The Global 100 list of the world’s most sustainable corporations for a number of years. Forest Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil & gas sector. Further information: www.nesteoil.com
Source: Neste Oil Corporation
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