SOURCE: Neste Oil Oyj

September 07, 2009 11:11 ET

Neste Oil Corporation Issues EUR 300 million Domestic Bond

ESPOO, FINLAND--(Marketwire - September 7, 2009) -

Neste Oil Corporation has issued an EUR 300 million seven-year Domestic Bond with an annual coupon of 6.00%.

The bond issue was oversubscribed with a total order book in excess of EUR 950 million and more than 90 investors.

The proceeds of the offering will be used for general corporate and refinancing purposes.

Danske Bank, Nordea Markets and Pohjola Bank acted as joint bookrunners for the transaction.

Neste Oil Corporation

Hanna Maula
Director, Corporate Communications

For further information:

Mika Rydman, Vice President and Group Treasurer, tel. +358 10 458 4710

Olli Kivi, Manager, Funding, Group Treasury, tel. +358 10 458 4683

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company is the world's leading supplier of renewable diesel. Neste Oil's refineries are located in Porvoo and Naantali and have a combined crude oil refining capacity of approx. 260,000 barrels a day. The company had net sales of EUR 15 billion in 2008 and employs around 5,300 people. Neste Oil's share is listed on the NASDAQ OMX Helsinki.

Neste Oil has been selected into the Dow Jones Sustainability World Index and awarded 'Best in Class' recognition for its social accountability by Storebrand. The company is also featured in the Ethibel Pioneer Investment Register and included in Innovest's Global 100 list of the world's most sustainable corporations. Further information:

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Copyright © Hugin AS 2009. All rights reserved.

Contact Information

  • For further information:

    Mika Rydman
    Vice President and Group Treasurer
    tel. +358 10 458 4710

    Olli Kivi
    Manager, Funding, Group Treasury
    tel. +358 10 458 4683