Nokia offers to buyback its 2021 bond for 500M euros, issues new fixed-rate bond

On Wednesday, Finnish telecom equipment giant Nokia stated, it had issued an offer to buy back its 1% notes in cash, which was due on March 15, 2021 for up to 500 million euros.

The purpose of the tender offer was to manage Nokia’s overall indebtedness, said Nokia.

The telecom giant also announced a plan to issue new euro-denominated fixed-rate notes.

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