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