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 |
1,412 |
|
Finnish Commercial Paper Programme |
Uncommitted |
EUR |
750 |
|
Euro-Commercial Paper Programme |
Uncommitted |
EUR |
1,500 |
|
Euro Medium Term Note Programme |
Uncommitted |
EUR |
5,000 |
|
SEC Reg. Shelf |
Uncommitted |
USD |
Indeterminate |
Inactive |
1Nokia has a committed Revolving Credit Facility with nominal value of EUR 1 412 million maturing in June 2026.
Debt capital market issuances
Issuer / Borrower |
Program |
Nominal (millions) |
Coupon |
Issue date |
Maturity |
Term sheets |
|---|---|---|---|---|---|---|
Nokia Corporation |
EMTN |
EUR 292 |
2.375% |
15-May-2020 |
15-May-2025 |
|
Nokia Corporation |
EMTN |
EUR 630 |
2.00% |
11-March-2019 |
11-March-2026 |
|
Nokia Corporation |
EMTN |
EUR 500 |
3.125% |
15-May-2020 |
15-May-2028 |
|
Nokia Corporation |
EMTN |
EUR 500 |
4.375% |
21-February-2023 |
21-August-2031 |
|
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
All loans presented below are senior unsecured and have no financial covenants.
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 |
83 |
May 2025 |
Nokia Corporation |
NIB R&D Loan2 |
EUR |
100 |
October 2032 |
1 In December 2018, Nokia signed a loan facility agreement of EUR 250 million with the Nordic Investment Bank (NIB) for financing research and development of 5G technology. The loan was structured to be repaid in three installments. The current remaining loan from the Nordic Investment Bank (NIB) is repayable in one final installment in 2025.
2 In October 2024, Nokia signed a loan facility agreement of EUR 250 million with the Nordic Investment Bank (NIB) for financing research and development of 5G and 6G technology. As of 31 December 2024, EUR 100 million has been drawn from the facility and is repayable in two equal installments in 2031 and 2032. The availability period of the remaining loan facility of EUR 150 million ends in April 2025.
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) |
Ba1 (stable) |
BBB- (stable) |