FILE PHOTO: The logo of Nokia is seen before the company’s news conference in Espoo, Finland March 2, 2020. Lehtikuva/Markku Ulander via REUTERS
HELSINKI (Reuters) – Finnish telecom equipment maker Nokia said on Wednesday it had issued an offer to buy back for cash its 1% notes due March 15, 2021 for up to 500 million euros.
The purpose of the tender offer is to manage Nokia’s overall indebtedness, it said a statement. Nokia also announced it planned to issue new euro-denominated fixed-rate notes.
Reporting by Anne Kauranen; Editing by Alex Richardson
Our Standards:The Thomson Reuters Trust Principles.
source: reuters.com