NEW ISSUE: Nokia €500m (WNG) 6yr Sr Unsec; MS+125/130bp
IGC European Market: Deal Flow - General
Issuer
Term
Maturity
Size
Ranking
Type
ISIN
IPT
Nokia Corporation
6yr
05-Jun-32
€500m (WNG)
Sr Unsec
Fixed
XS3397145767
MS+125/130
IPTs: 6yr: MS+125-130bp area
Issuer: Nokia Corporation (Ticker: NOKIA, Country: FI)
Issuer LEI: 549300A0JPRWG1KI7U06
Issuer Rating: BBB- / BBB- (S&P/Fitch), stable outlook
Expected Issue Rating: BBB- / BBB- (S&P/Fitch)
Status: Senior Unsecured
Format: Reg S, Bearer, New Global Note
Settlement: 05-Jun-26 (T+6)
Tenor: 6-year
Maturity: 05-Jun-32
Size: €500m (WNG)
Coupon: Fixed, Actual / Actual, Annual (ICMA), Unadjusted
Use of Proceeds: The net proceeds of the offering of the notes will be used for general corporate purposes, including (without limitation) and at the sole discretion of the Issuer, the refinancing of existing indebtedness. Nokia Corporation intends, following pricing of the notes, to give notice of the exercise of its option to redeem in full all of its outstanding €500m 3.125% Notes due May 2028 (ISIN: XS2171872570) pursuant to the make whole redemption provisions in the Conditions thereof, in accordance with, and subject to, the terms and conditions set out in the relevant redemption notice.
Documentation: €5,000,000,000 EMTN Programme Base Prospectus dated 31-Mar-26 (the “Base Prospectus”) and the Supplement dated 25-May-26 (the “Supplement”)
Denominations: €100,000 + €1,000
Issuer Call Options: MWC (Partial or in Whole), 3m Par Call, Clean-up Call (75%), Tax Call (at 100%)
Governing Law: English Law
Listing: Euronext Dublin, Regulated Market
Clearing: Euroclear and Clearstream
Selling Restrictions: As per Base Prospectus (Reg. S Compliance Category 2; TEFRA D)
Target Market: MiFID II / UK MiFIR professionals/ECPs-only (all distribution channels). No EEA PRIIPs key information document (KID) or CCI product summary has been prepared as not available to retail in EEA or UK
Advertisement: The Base Prospectus and the Supplement is available, and the Final Terms, when published, will be available, on the website of Euronext Dublin at: www.euronext.com