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Nokia Re-enters US-Commercial Paper Market
March 12, 1997
Nokia has signed a USD 500 million US-Commercial Paper Program. The dealers of the Program are Credit Suisse First Boston (CSFB) and Merrill Lynch, and the issuing and paying agent is Citibank N.A. The issuer in the Programme is Nokia Capital, Inc. guaranteed by Nokia Corporation.
Nokia´s Program has a A 1 rating by Standard & Poor´s and a P-1 rating by Moody´s Investors Service.
According to Mr Timo Korvenpää, Group Treasurer, Nokia is re-entering the US-Commercial Paper market to further diversify its funding sources.
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