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FINWIRES

Neste Launches Tender Offer for Notes due 2028, 2029, 2030

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-- Neste (NESTE.HE) launched a tender offer to repurchase up to 500 million euros of outstanding notes due in 2028, 2029, and 2030.

The Finnish oil refiner's tender covers its 500 million-euro 0.75% green notes due March 25, 2028, 500 million-euro 3.875% green bonds due March 16, 2029, and 700 million-euro 3.75% green bonds due March 20, 2030, according to a Tuesday release.

The tender will end on May 12, with pricing and final results expected on May 13 and settlement on May 18.

The repurchases aim to help the company maintain a prudent and proactive approach towards its interest-bearing liabilities and liquidity base.

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