Nokia calls 5% convertibles due 2017 at par; notes are convertible

By Susanna Moon

Chicago, Oct. 8 – Nokia Corp. said it called its €750 million 5% convertible bonds due in 2017.

The convertibles will be redeemed at par plus accrued interest on Nov. 26, according to a company press release.

Holders also may convert their bonds into Nokia shares by delivering a conversion notice to Citibank NA, London Branch, the paying, transfer and conversion agent, by the close of business on Nov. 17.

The conversion price is €2.39 per Nokia share, and there is €749.8 million principal amount of the bonds outstanding.

The company’s stock (France: NOA3) closed at €6.25 on Oct. 7.

Espoo, Finland-based Nokia is a wireless telecommunications equipment maker.

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