Neste bags the “Bond Deal of the Year” award

Neste’s landmark €600m green bond issuance in November 2023 secured the prestigious “Bond Deal of the Year” award at SAF Investor Conference 2024.

Neste’s green bond, the largest ever issued by a Finnish company, underscores their dedication to financing sustainable projects and accelerating the transition to a low-carbon future.

The bond issue, boasting the highest ever book coverage for a green bond issued by a European company, received overwhelming support from investors worldwide. The orderbook reached over five times oversubscribed, with participation from institutional investors across Europe.

The proceeds from the bond issuance will fund strategic growth initiatives aligned with Neste’s Green Finance Framework. These include expanding renewable oil refining capacity, developing next-generation renewable feedstocks, and investing in advanced biofuel technologies.

Barclays Bank Ireland PLC, Citigroup Global Markets Limited, Credit Agricole Corporate and Investment Bank, OP Corporate Bank plc and Skandinaviska Enskilda Banken AB (publ) acted as the joint lead managers.

Nordea Bank Abp worked as the green structuring advisor for the issue. Meanwhile, White & Case serves as the legal advisor ensuring compliance with regulatory requirements and market practices.