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Finland's Nokia buys back 150 million euros of notes

Europe Materials 14 May 2020 11:39 (UTC +04:00)
Finnish telecom equipment maker Nokia said on Thursday it would buy back 150 million euros ($162 million) of its March 2021 notes as it restructures its finances
Finland's Nokia buys back 150 million euros of notes

Finnish telecom equipment maker Nokia said on Thursday it would buy back 150 million euros ($162 million) of its March 2021 notes as it restructures its finances, Trend reports with reference to Reuters.

“We are pleased to have pre-financed our 2021 and 2022 maturities in-line with our prudent capital structure management, which has positioned us well to run our business and continue to fund the R&D (research and development) investments needed for industry leadership,” Chief Financial Officer Kristian Pullola said in a statement.

Barclays Bank PLC, Citigroup Global Markets Limited, Goldman Sachs International and Nordea Bank acted as joint dealer managers for the tender offer.

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