Skip to main content

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  1,500  
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

Issuer/Borrower Program Amount (millions) Coupon
(p.a.)
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 3.375% 12-June-2017 12-June-2022 See related downloads at the bottom of the page
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.
 

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) Ba2 (positive) BB+ (stable)