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 |
|
Finnish Commercial Paper Programme |
Uncommitted |
EUR |
750 |
|
Euro-Commercial Paper Programme |
Uncommitted |
EUR |
1,500 |
|
Euro Medium Term Note Programme |
Uncommitted |
EUR |
5,000 |
|
SEC Reg. Shelf |
Uncommitted |
USD |
Indeterminate |
Inactive |
1Nokia has a committed Revolving Credit Facility with nominal value of EUR 1 412 million maturing in June 2026.
Debt capital market issuances
Issuer / Borrower |
Program |
Nominal (millions) |
Coupon |
Issue date |
Maturity |
Term sheets |
|---|---|---|---|---|---|---|
Nokia Corporation |
EMTN |
EUR 292 |
2.375% |
15-May-2020 |
15-May-2025 |
|
Nokia Corporation |
EMTN |
EUR 630 |
2.00% |
11-March-2019 |
11-March-2026 |
|
Nokia Corporation |
EMTN |
EUR 500 |
3.125% |
15-May-2020 |
15-May-2028 |
|
Nokia Corporation |
EMTN |
EUR 500 |
4.375% |
21-February-2023 |
21-August-2031 |
|
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
Issuer / Borrower |
Facility |
Currency |
Nominal (million) |
Final maturity |
|---|---|---|---|---|
Nokia Corporation |
EIB R&D Loan |
EUR |
500 |
February 2025 |
Nokia Corporation |
NIB R&D Loan1 |
EUR |
83 |
May 2025 |
1The remaining loan from the Nordic Investment Bank (NIB) is repayable in one annual installment in 2025.
All loans presented above are senior unsecured and have no financial covenants.
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) |