Nokia issues €500 million senior unsecured notes for refinancing

Odaily Planet Daily News: Nokia announced the issuance of €500 million in senior unsecured notes under its Euro Medium Term Note programme, with the notes maturing on June 5, 2032, bearing a fixed annual coupon rate of 3.625%, and has applied for listing 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, in accordance with the redemption terms, of its existing €500 million outstanding notes with a coupon rate of 3.125% maturing in May 2028.