Neste launches €2.5bn Medium Term Note programme

Neste is launching a €2.5bn Medium Term Note programme. Citigroup is arranger.

The Sustainable Aviation Fuel and fossil oil refiner says that the cash from the notes will be used for general corporate purposes. It may also issue Green Bonds.

Medium Term Notes typically have maturities between five and 10 years.

It is also asking investors in its €400m 1.5% bond maturing in June 2024 to  sell it back to them.