Nokia Issues €500 Million Senior Unsecured Notes for Refinancing

Odaily reported that Nokia announced the issuance of €500 million in senior unsecured notes under its Euro Medium Term Note program, with the notes maturing on June 5, 2032, carrying a fixed annual coupon rate of 3.625%. Nokia has applied for the listing of the notes on the regulated market of Euronext Dublin. The company stated that the net proceeds from the issuance will be used for general corporate purposes, including the early redemption of its existing €500 million outstanding notes with a coupon rate of 3.125%, due in May 2028, in accordance with their redemption terms.