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Debt information

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

Funding programmes

Program

Program size (millions)

Program documents

Euro Medium Term Note

EUR 5 000

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SEC Reg. Shelf

Indeterminate

Active


Debt capital market issuances

Issuer

Program

Amount (millions)

Coupon
(p.a.)

Issue date

Maturity

Term sheets

Nokia Corporation

EMTN

EUR 500

6.75%

4-Feb-2009

4-Feb-2019

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Nokia Corporation EMTN EUR 500 1.00% 15-Mar-2017 15-Mar-2021 Download document
Nokia Corporation EMTN EUR 750 2.00% 15-Mar-2017 15-Mar-2024 Download document

Nokia Corporation

SEC Reg. Shelf

USD 1,000 5.375% 15-May-2009 15-May-2019 See related downloads at bottom of page

Nokia Corporation

SEC Reg. Shelf

USD 500

3.375%

12-June-2017

12-June-2022

See related downloads at bottom of page

Nokia Corporation

SEC Reg. Shelf

USD 500

4.375%

12-June-2017

12-June-2027

See related downloads at bottom of page

Nokia Corporation     
SEC Reg. Shelf
USD 500 6.625% 15-May-2009 15-May-2039 See related downloads at bottom of page


Credit ratings

Our credit worthiness helps us make efficient use of international capital and loan markets. Nokia’s ratings as of 25 October, 2018 were:

S&P

Moody's

BB+ (Stable)

Ba1 (Stable)

INTEREST-BEARING LIABILITIES, Nokia, reported (unaudited)

Issuer/Borrower

Instrument

Currency

Nominal (million)

Final maturity

Carrying amount (EUR million)

December 31, 2018

Carrying amount (EUR million)

December 31, 2017

             
Nokia Corporation

6.75% Senior Notes 

EUR

231

February 2019

232

241

Nokia Corporation

5.375% Senior Notes

USD

581

May 2019

507

487

Nokia Corporation 1.00% Senior Notes  EUR 500 March 2021 499 498
Nokia Corporation 3.375% Senior Notes USD 500 June 2022 423 406
Nokia Corporation

2.00% Senior Notes 

EUR

750

March 2024

750

744

Nokia Corporation

4.375% Senior Notes

USD

500 June 2027 415 404
Nokia of America Corporation

6.50% Senior Notes

USD

74 January 2028 65 62
Nokia of America Corporation 6.45% Senior Notes USD 206 March 2029

182

174

Nokia Corporation 6.625% Senior Notes USD 500 May 2039 455 424
Nokia Corporation Revolving credit facility EUR 1579 June 2020 0 0
Nokia Corporation Loan facility1,2 EUR 750   0 0
Nokia Corporation and various subsidiaries Other liabilities       294 326
Total         3,822 3,766

1 A loan facility agreement of EUR 500 million for financing research and development of 5G technology was signed with the European Investment Bank (EIB) in August 2018. The availability period of the loan facility ends in February 2020. The loan facility has not yet been disbursed and will have an average maturity of approximately five years after disbursement.

2 A loan facility agreement of EUR 250 million for financing research and development of 5G technology was signed with the Nordic Investment Bank (NIB) in December 2018. The availability period of the loan facility ends in February 2019. The loan facility has not yet been disbursed and will have an average maturity of approximately five years after disbursement.                         

All Nokia borrowings are senior unsecured and have no financial covenants.

 

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Financial reports, investor kits and general information

Nokia Investor Relations

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