Neste issues $765M green bond for fund Rotterdam biorefinery expansion

In Ireland, Neste Corporation issued a EUR 700 million green bond with 5-year maturity under its EMTN (Euro Medium Term Note) program updated on September 12, 2024 and supplemented by the supplement dated March 10, 2025, and will pay a fixed coupon of 3.750 per cent. Neste Corporation will apply for the listing of the bond on Euronext Dublin.
The proceeds from the issue will be applied for Eligible Projects and Assets as set out in Neste Corporation’s Green Finance Framework.
“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.