Nokia issues 500 million euro senior unsecured notes for refinancing

Odaily reported that Nokia announced the issuance of 500 million euros in senior unsecured notes under its Euro Medium Term Note program. The notes will mature on June 5, 2032, carry a fixed annual coupon rate of 3.625%, and have been listed on the regulated market of Euronext Dublin. Nokia stated that the net proceeds from the issuance will be used for general corporate purposes, including the early repayment of its existing 500 million euro outstanding notes with a coupon rate of 3.125%, maturing in May 2028, in accordance with the redemption terms.