Nokia Corp. Proposed Unsecured Notes Rated 'BB+' - S&P Global Ratings’ Credit Research

Nokia Corp. Proposed Unsecured Notes Rated 'BB+'

Nokia Corp. Proposed Unsecured Notes Rated 'BB+' - S&P Global Ratings’ Credit Research
Nokia Corp. Proposed Unsecured Notes Rated 'BB+'
Published Mar 09, 2017
5 pages (1980 words) — Published Mar 09, 2017
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Abstract:

Finland-based technology company Nokia Corp. is issuing two-part €1.25 billion new unsecured notes. Nokia will use the proceeds to finance a tender offer for the €500 million notes due 2019 issued by Nokia Corp. and the $300 million debentures due 2028 and $1.36 billion debentures due 2029 issued by Nokia's wholly owned subsidiary Alcatel-Lucent USA Inc. (formerly Lucent Technologies Inc.). The tender offer will expire on March 21, 2017. By the end of the early tender period on March 7, notes with a nominal value of about $765 million were tendered. We are assigning our 'BB+' issue ratings to the proposed €1.25 billion unsecured notes. We are also affirming our 'BB+' issue ratings on existing unsecured debt. LONDON (S&P Global

  
Brief Excerpt:

...+ Finland-based technology company Nokia Corp. is issuing two-part 1.25 billion new unsecured notes. + Nokia will use the proceeds to finance a tender offer for the 500 million notes due 2019 issued by Nokia Corp. and the $300 million debentures due 2028 and $1.36 billion debentures due 2029 issued by Nokia's wholly owned subsidiary Alcatel-Lucent USA Inc. (formerly Lucent Technologies Inc.). The tender offer will expire on March 21, 2017. By the end of the early tender period on March 7, notes with a nominal value of about $765 million were tendered. + We are assigning our '##+' issue ratings to the proposed 1.25 billion unsecured notes. + We are also affirming our '##+' issue ratings on existing unsecured debt. LONDON (S&P Global Ratings) March 9, 2017--S&P Global Ratings said today that it has assigned its '##+' issue rating to the proposed unsecured notes to be issued by Finnish technology group Nokia Corp. (##+/Stable/A-3). The proposed notes consist of four-year 500 million unsecured...

  
Report Type:

Ratings Action

Issuer
GICS
Communications Equipment (45201020)
Sector
Global Issuers
Country
Region
United States
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MLA:
S&P Global Ratings’ Credit Research. "Nokia Corp. Proposed Unsecured Notes Rated 'BB+'" Mar 09, 2017. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Nokia-Corp-Proposed-Unsecured-Notes-Rated-BB-1812851>
  
APA:
S&P Global Ratings’ Credit Research. (). Nokia Corp. Proposed Unsecured Notes Rated 'BB+' Mar 09, 2017. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Nokia-Corp-Proposed-Unsecured-Notes-Rated-BB-1812851>
  
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