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||1,500|
|Finnish Commercial Paper Programme||Uncommitted||EUR||750|
|Euro-Commercial Paper Programme||Uncommitted||EUR||1,500|
|Euro Medium Term Note Programme||Uncommitted||EUR||5,000||Download document|
|SEC Reg. Shelf||Uncommitted||USD||Indeterminate||Inactive|
1 Nokia exercised its option to extend the maturity date of the Revolving Credit Facility in June 2021. Subsequent to the extension, the facility has its maturity in June 2026, except for EUR 88 million having its maturity in June 2024.
Debt capital market issuances
|Issue date||Maturity||Term sheets|
|Nokia Corporation||EMTN||EUR 750||2.00%||15-Mar-2017||15-Mar-2024||Download document|
|Nokia Corporation||EMTN||EUR 500||2.375%||15-May-2020||15-May-2025||Download document|
|Nokia Corporation||EMTN||EUR 750||2.00%||11-Mar-2019||11-Mar-2026||Download document|
|Nokia Corporation||EMTN||EUR 500||3.125%||15-May-2020||15-May-2028||Download document|
|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||250||May 2025|
1 The loan from the Nordic Investement Bank (NIB) is repayable in three equal annual installments in 2023, 2024 and 2025.
All loans presented above are senior unsecured and have no financial covenants.
Our credit worthiness helps us make efficient use of international capital and loan markets. Nokia’s present credit ratings are:
|BBB- (stable)||Ba1 (stable)||BBB- (stable)|