We aim at maintaining flexibility in funding by keeping credit facilities and funding programmes available. Funding programmes allow us to access the capital markets on terms and in amounts that will be satisfactory to us.
Funding programmes
Program | Program size (millions) | Program documents |
Euro Medium Term Note | EUR 5 000 | |
SEC Reg. Shelf | Indeterminate | |
Euro Commercial Paper (ECP) | USD 4 000 |
|
US Commercial Paper (USCP) | USD 4 000 |
|
Capital market issuances
Issuer | Program | Amount (millions) | Coupon | Issue date | Maturity | Term sheets |
Nokia Corporation | EMTN | EUR 1 250 | 5.50% | 4-Feb-2009 | 4-Feb-2014 | |
Nokia Corporation | EMTN | EUR 500 | 6.75% | 4-Feb-2009 | 4-Feb-2019 | |
Nokia Corporation | SEC Reg. Shelf | USD 1 000 | 5.38% | 7-May-2009 | 15-May-2019 | |
Nokia Corporation | SEC Reg. Shelf | USD 500 | 6.63% | 7-May-2009 | 15-May-2039 |
Credit ratings
Our international credit worthiness helps us make efficient use of international capital and loan markets. The ratings of Nokia from credit rating agencies as of 2 August 2011 were:
| S&P | Moody's |
Short-term | A-2 | P-2 |
Long-term | BBB | BAA2 |
Contact the Nokia Investor Relations Team
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