We aim at maintaining flexibility in funding by keeping credit facilities and funding programmes available.
|Program||Program size (millions)||Program documents|
|Euro Medium Term Note||EUR 5 000||Download document|
|SEC Reg. Shelf||Indeterminate||Active|
Debt capital market issuances
|Issue date||Maturity||Term sheets|
|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||EMTN||EUR 750||2.00%||11-Mar-2019||11-Mar-2026||Download document|
|Nokia Corporation||SEC Reg. Shelf||USD 1,000||5.375%||15-May-2009||15-May-2019||See related downloads at the bottom of the page|
|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|
Our credit worthiness helps us make efficient use of international capital and loan markets. Nokia’s ratings as of 1 April, 2019 were:
|BB+ (Stable)||Ba1 (negative)||BBB- (stable)|
INTEREST-BEARING LIABILITIES, Nokia, reported (unaudited)
|Issuer/Borrower||Instrument||Currency||Nominal (million)||Final maturity||Carrying amount (EUR million) March 31, 2019||Carrying amount
(EUR million) December 31, 2018
|Nokia Corporation||6.75% Senior Notes1||EUR||231||February 2019||0||232|
|Nokia Corporation||5.375% Senior Notes||USD||581||May 2019||518||507|
|Nokia Corporation||1.00% Senior Notes||EUR||500||March 2021||499||499|
|Nokia Corporation||3.375% Senior Notes||USD||500||June 2022||436||423|
|Nokia Corporation||2.00% Senior Notes||EUR||750||March 2024||759||750|
|Nokia Corporation||2.00% Senior Notes2||EUR||750||March 2026||753||0|
|Nokia Corporation||4.375% Senior Notes||USD||500||June 2027||434||415|
|Nokia of America Corporation||6.50% Senior Notes||USD||74||January 2028||66||65|
|Nokia of America Corporation||6.45% Senior Notes||USD||206||March 2029||185||182|
|Nokia Corporation||6.625% Senior Notes||USD||500||May 2039||480||455|
|Nokia Corporation||Revolving credit facility||EUR||1579||June 2020||0||0|
|Nokia Corporation||Loan facility3||EUR||750||0||0|
|Nokia Corporation and various subsidiaries||Other liabilities||273||292|
1 Nokia repaid its EUR 231 million 6.75% Senior Notes in February 2019.
2 Nokia issued EUR 750 million 2.00% Senior Notes due 2026 under its EUR 5 billion Euro Medium-Term Note Programme in March 2019.
3 Includes a loan facility agreement of EUR 500 million with the European Investment Bank (EIB) and a loan facility agreement of EUR 250 million with the Nordic Investment Bank (NIB). The availability periods of the loan facilities end in February 2020 for EIB and in August 2019 for NIB. The loan facilities have not yet been disbursed and both will have average maturities of approximately five years after disbursements.
All Nokia borrowings are senior unsecured and have no financial covenants.
Contact investor relations
Nokia Investor Relations