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    NESTE   FI0009013296

NESTE OYJ

(NESTE)
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Neste Oyj : Listing prospectus for Neste Oyj's EUR 500 million green bond available; listing application submitted

03/25/2021 | 05:01am EDT

Neste Corporation, Stock Exchange Release, 25 March 2021 at 12 noon (EET)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Neste Corporation announced its decision to issue a senior unsecured green bond of EUR 500 million on 18 March 2021. The green bond will mature on 25 March 2028 and carry a fixed interest at the rate of 0.750 per cent per annum. 

The Finnish Financial Supervisory Authority has today approved the listing prospectus of the green bond. The prospectus will be available in English on the company's website at www.neste.com.

Neste has today submitted an application for the green bond to be admitted to trading on the official list of sustainable bonds of Nasdaq Helsinki Ltd. Trading on the green bond is expected to commence on or about 29 March 2021 under the trading code "NESJ075028".

The green bond is issued under Neste's Green Finance Framework, published in March 2021. According to the Green Finance Framework, proceeds will be used to finance for example the development, operations, maintenance and expansion of renewable and circular solutions to reduce greenhouse gas emissions.

Barclays Bank Ireland PLC, Citigroup Global Markets Limited and Nordea Bank Abp acted as joint lead managers for the issue.

Neste Corporation

Susanna Sieppi
Vice President, Communications

More information:

Mika Rydman, Vice President and Group Treasurer, Neste.
Please contact Neste's media service, tel. +358 50 458 5076 / media@neste.com (weekdays from 8:30 a.m. to 4:00 p.m. (EET)).

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world's leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world's most sustainable companies. In 2020, Neste's revenue stood at EUR 11.8 billion, with 94% of the company's comparable operating profit coming from renewable products. Read more: neste.com

Disclaimer

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This communication does not constitute an offer of notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the notes. Consequently, this communication is directed only at persons in the United Kingdom in circumstances where provisions of section 21(1) of the Financial Services and Markets Act 2000, as amended, do not apply and are solely directed at persons in the United Kingdom who, (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order and (iii) other persons to whom it may lawfully be communicated (all such persons together being referred to as "relevant persons"). This release is directed only at relevant persons and any person who is not a relevant person must not act or rely on this release or any of its contents.

https://news.cision.com/neste/r/listing-prospectus-for-neste-oyj-s-eur-500-million-green-bond-available--listing-application-submitt,c3313953

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 12 812 M 15 259 M 15 259 M
Net income 2021 1 240 M 1 476 M 1 476 M
Net Debt 2021 177 M 211 M 211 M
P/E ratio 2021 32,8x
Yield 2021 1,52%
Capitalization 40 134 M 47 813 M 47 800 M
EV / Sales 2021 3,15x
EV / Sales 2022 2,87x
Nbr of Employees 4 780
Free-Float 53,6%
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Mean consensus HOLD
Number of Analysts 21
Average target price 55,88 €
Last Close Price 52,26 €
Spread / Highest target 43,5%
Spread / Average Target 6,93%
Spread / Lowest Target -31,1%
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Managers and Directors
NameTitle
Peter Vanacker President & Chief Executive Officer
Jyrki Mikael Mäki-Kala CFO, Head-Information Technology & Strategy
Matti Kähkönen Chairman
Lars Peter Lindfors Senior Vice President-Innovation
Willem Jan Antoon Schoeber Independent Non-Executive Director
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