Debt information

Funding programmes

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

Issuer Program Amount (millions) Coupon
(p.a.)
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 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


Credit ratings

Our credit worthiness helps us make efficient use of international capital and loan markets. Nokia’s ratings as of 1 July, 2019 were:

S&P Moody's Fitch
BB+ (stable) Ba1 (negative) BBB- (stable)

INTEREST-BEARING LIABILITIES, Nokia, reported (unaudited)

Issuer/Borrower Instrument Currency Nominal (million) Final maturity Carrying amount (EUR million) June 30, 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 Notes2 USD 581 May 2019 0 507
Nokia Corporation 1.00% Senior Notes  EUR 500 March 2021 499 499
Nokia Corporation 3.375% Senior Notes  USD 500 June 2022 438 423
Nokia Corporation 2.00% Senior Notes EUR 750 March 2024 768 750
Nokia Corporation 2.00% Senior Notes3 EUR 750 March 2026 766 0
Nokia Corporation 4.375% Senior Notes USD 500 June 2027 444 415
Nokia of America Corporation 6.50% Senior Notes USD 74 January 2028 65 65
Nokia of America Corporation 6.45% Senior Notes USD 206 March 2029 183 182
Nokia Corporation 6.625% Senior Notes USD 500 May 2039 497 455
Nokia Corporation NIB R&D Loan4 EUR 250 May 2025 250 0
Nokia Corporation Revolving credit facility5 EUR 1,500 June 2024 0 0
Nokia Corporation EIB R&D Loan Facility6 EUR 500   0 0
Nokia Corporation and various subsidiaries Other liabilities       376 292
Total         4,286 3,820

1 Nokia repaid its EUR 231 million 6.75% Senior Notes in February 2019.

2HEZYO高清 一本道 综合 Nokia repaid its USD 581 million 5.375% Senior Notes in May 2019.

3 Nokia issued EUR 750 million 2.00% Senior Notes due 2026 under its EUR 5 billion Euro Medium-Term Note Programme in March 2019.

4 Nokia drew an amortizing loan from Nordic Investment Bank (NIB) in May 2019. The loan is repayable in three equal annual installments in 2023, 2024 and 2025.

5 In June 2019, Nokia refinanced its EUR 1579 million revolving credit facility maturing in June 2020 with EUR 1500 million five years revolving credit facility with two one year extension options.

6 The loan facility of EUR 500 million with the European Investment Bank (EIB) has not yet been disbursed and will have an average maturity of approximately five years after disbursement The availability period of the loan facility ends in February 2020.

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

 

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Nokia Investor Relations

investor.relations@imhotel.net

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Downloads Euro Medium Term Note