Debt information

Significant credit facilities and funding programmes

We aim at maintaining flexibility in funding by keeping credit facilities and funding programmes available.

Financing arrangement

Committed / Uncommitted

Currency

Nominal (millions)

Program documents

Revolving Credit Facility1

Committed

EUR

1,412

Revolving Credit Facility2

Committed

EUR

500

Finnish Commercial Paper Programme

Uncommitted

EUR

750

Euro-Commercial Paper Programme

Uncommitted

EUR

1,500

Euro Medium Term Note Programme

Uncommitted

EUR

5,000

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SEC Reg. Shelf

Uncommitted

USD

Indeterminate

Inactive

1Nokia has committed Revolving Credit Facility with nominal value of EUR 1 412 million maturing in June 2026.
 

2Nokia has committed Revolving Credit Facility with nominal value of EUR 500 million maturing in March 2027.

Debt capital market issuances

Issuer / Borrower

Program

Nominal (millions)

Coupon
(p.a.)

Issue date

Maturity

Term sheets

Nokia Corporation

EMTN

EUR 630

2.00%

11-March-2019

11-March-2026

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Nokia Corporation

EMTN

EUR 500

3.125%

15-May-2020

15-May-2028

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Nokia Corporation

EMTN
(Sustainability-linked notes)

EUR 500

4.375%

21-February-2023

21-August-2031

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Annual Sustainability-Linked Bond Progress Report 2023

Nokia Corporation

SEC Reg. Shelf

USD 500

4.375%

12-June-2017

12-June-2027

See related downloads at the bottom of the page

Nokia Corporation

SEC Reg. Shelf

USD 500

6.625%

15-May-2009

15-May-2039

See related downloads at the bottom of the page

Nokia of America Corporation

USD 74

6.50%

15-January-1998

15-January-2028

Nokia of America Corporation

USD 206

6.45%

15-March-1999

15-March-2029

All borrowings presented above are senior unsecured and have no financial covenants.
 

Bank market funding

All loans presented below are senior unsecured and have no financial covenants.

Issuer / Borrower

Facility

Currency

Nominal (million)

Final maturity

Nokia Corporation

NIB R&D Loan1

EUR

250

October 2032

1 In October 2024, Nokia signed a loan facility agreement of EUR 250 million with the Nordic Investment Bank (NIB) for financing research and development of 5G and 6G technology. The loan is repayable in two equal installments in 2031 and 2032.

Credit ratings

Our credit worthiness helps us make efficient use of international capital and loan markets. Nokia’s present credit ratings are:

Fitch

Moody's

S&P

BBB- (stable)

Ba1 (stable)

BBB- (stable)