Nokia’s €5 Billion EMTN Program Update and Drawdown of €750 Million in Senior Notes

Shearman & Sterling represented Nokia in connection with the update of its €5 billion euro medium term note program and its drawdown of €750 million in senior unsecured notes.

On March 11, 2019, Nokia completed the issuance of its €750 million 2.000% senior unsecured notes due 2026, issued under its €5 billion euro medium term note program (the “EMTN Program”). The base prospectus for the EMTN Program was approved by the Central Bank of Ireland on March 1, 2019 and the notes were issued and admitted to listing and trading on Euronext Dublin on March 11, 2019. The proceeds of the new notes will be used for general corporate purposes.

Nokia develops and delivers the industry’s only end-to-end portfolio of network equipment, software, services and licensing that is available globally. Nokia’s customers include communications service providers whose combined networks support 5.7 billion subscriptions, as well as enterprises in the private and public sector that use Nokia’s network portfolio to increase productivity and enrich lives.

Shearman & Sterling advised Nokia with a team including David Dixter (Picture), Saif Alaqili and Stephen McNamara

Involved fees earner: Saif Alaqili – Shearman & Sterling; David Dixter – Shearman & Sterling; Stephen McNamara – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Nokia Oyj;