• EUR 700 million raised through a 5-year green bond.
• Funds targeted toward expanding Rotterdam refinery—the world’s largest renewable diesel and sustainable aviation fuel facility.
• Strong investor appetite despite challenging renewable market conditions.

Neste Corporation successfully issued a EUR 700 million green bond with a 5-year maturity, carrying a fixed coupon of 3.750% under its updated EMTN programme. The bond is set for listing on Euronext Dublin.

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Funds from the issue will directly support Eligible Projects outlined in Neste’s Green Finance Framework, specifically financing the expansion of Neste’s Rotterdam refinery.

“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, ING Bank, Nordea Bank, and UniCredit Bank served as joint lead managers for the issuance.

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