Nokia plans to call €750 million convertible bonds in fourth quarter

By Susanna Moon

Chicago, April 15 – Nokia Corp. said it plans to exercise an early repayment option for its €750 million convertible bonds in the fourth quarter of 2015.

The redemption is expected to result in the full conversion of the bonds prior to the closing of the planned merger with Alcatel-Lucent, with no expected cash outflow, according to a company press release.

Espoo, Finland-based Nokia is a wireless telecommunications equipment maker. Paris-based Alcatel-Lucent is a voice, data and video communication services provider.

The planned combined company would be based in Finland, with strategic business locations and major R&D centers in France. The business is expected to operate under the Nokia brand and will retain the Bell Labs brand to host its networks-focused innovation activities.

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