NOKBF NOKIA CORP
Price Chart
Executive Summary
Nokia issued EUR 500 million in senior unsecured notes due 2032 at a 3.625% coupon, with proceeds earmarked for general corporate purposes and to refinance its existing EUR 500 million 3.125% notes due May 2028 via make-whole redemption. This is a routine liability management transaction that extends debt maturity by four years at a slightly higher coupon, with no material impact on equity value or operations.
Actionable Insight
This is a standard liability management exercise with no equity impact. Monitor Nokia's upcoming Q2 2026 earnings for any changes to net debt or leverage guidance. The slightly higher coupon is immaterial for a company of Nokia's scale.
Key Facts
- Issued EUR 500 million senior unsecured notes under EMTN programme
- Notes mature 5 June 2032, fixed annual coupon 3.625%
- Proceeds used for general corporate purposes and refinancing of EUR 500 million 3.125% notes due May 2028
- Application made to list notes on Euronext Dublin regulated market
- Refinancing extends maturity by ~4 years at +50bps higher coupon
Financial Impact
EUR 500 million debt refinancing; coupon increases from 3.125% to 3.625%, adding ~EUR 2.5 million annual interest expense on the refinanced portion
Risk Factors
- Higher coupon adds ~EUR 2.5M annual interest cost, though immaterial relative to Nokia's ~EUR 20B+ revenue base
- No equity dilution or operational impact
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-070725 |
| Document: 0001104659-26-070725-index-headers.html | 0001104659-26-070725 |
| Document: 0001104659-26-070725-index.html | 0001104659-26-070725 |
| Document: 0001104659-26-070725.txt | 0001104659-26-070725 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 9, 2026
5d ago
|
6-K
| $14.20 awaiting T+5 | awaiting T+5 | — | $14.91 (+5.00%) |
|
Jun 5, 2026
9d ago
|
6-K
| $15.82 awaiting T+5 | awaiting T+5 | — | $14.91 (−5.75%) |
|
Jun 1, 2026
13d ago
|
6-K
| $16.43 $14.37 | ▼ −12.54% | ▼ −9.79% | $14.91 (−9.25%) |
|
May 26, 2026
19d ago
|
6-K
| $15.76 $16.95 | ▲ +7.55% | ▲ +7.08% | $14.91 (−5.39%) |
|
May 26, 2026
19d ago
|
6-K
| $16.36 $16.92 | ▲ +3.42% | ▲ +2.21% | $14.91 (−8.86%) |
|
May 20, 2026
25d ago
|
6-K
| $13.70 $15.76 | ▲ +15.04% | ▲ +13.80% | $14.91 (+8.83%) |
|
May 18, 2026
27d ago
|
6-K
| $13.77 $16.36 | ▲ +18.81% | ▲ +17.19% | $14.91 (+8.28%) |
|
May 4, 2026
5w ago
|
6-K
| $13.12 $13.75 | ▲ +4.80% | ▲ +1.87% | $14.91 (+13.64%) |
|
Apr 30, 2026
6w ago
|
6-K
| $12.70 $13.15 | ▲ +3.54% | ▲ +1.82% | $14.91 (+17.40%) |
|
Apr 28, 2026
6w ago
|
6-K
| $11.19 $13.12 | ▲ +17.25% | ▲ +15.56% | $14.91 (+33.24%) |
US Market Status
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