Technology Finland’s Nokia to buy back its 2021 bond worth 500 million euros...

Finland’s Nokia to buy back its 2021 bond worth 500 million euros and issue a new one

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.