Telecom equipment maker Nokia has issued 500 million euro in senior unsecured notes under its EMTN program. The bonds mature in June 2032 and carry a fixed annual coupon of 3.625 percent.
The company has applied for the notes to be listed on Euronext Dublin. The proceeds from the issuance will be used for general corporate purposes, including the refinancing of 500 million euro in outstanding notes with a 3.125 percent coupon maturing in May 2028.
Nokia Oyj specializes in the design, production and marketing of telecommunications equipment. Net sales break down by activity as follows:
- development of network infrastructure solutions (40.1%): IP routers and optical networking solutions;
- development of mobile broadband network solutions (39.2%): aimed in particular at telecommunications operators. In addition, the group offers professional services (network planning and optimization, systems integration, installation, implementation and maintenance of telecom networks);
- software development (13.1%): software for customer experience management, network operations and management, communication, collaboration and billing, IoT solutions and cloud management platforms;
- development of advanced technology (7.6%).
Net sales are distributed geographically as follows: Europe (31%), North America (31.2%), India (7.7%), China (4.6%), Asia/Pacific (11%), Middle East and Africa (10.6%), and Latin America (3.9%).
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