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Nokia Issues €500 Million Senior Unsecured Notes for Refinancing

On June 5, Nokia announced the completion of a €500 million senior unsecured notes issuance under its Euro Medium Term Note program. The notes will mature on June 5, 2032, with a fixed annual coupon rate of 3.625%, and have been applied for listing on the regulated market of the Euronext Dublin. Nokia stated that the net proceeds from this issuance will be used for general corporate purposes, including the early repayment of its existing €500 million notes, which have a coupon rate of 3.125% and are set to mature in May 2028, in accordance with the redemption terms.

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