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Nokia (NOK) looks to boost its cash reserves by offering a €750M convertible bond that will...

Nokia (NOK) looks to boost its cash reserves by offering a €750M convertible bond that will carry a coupon of 4.25%-5% and matures in 2017. The offering comes after Nokia's net cash position fell to €3.6B in Q3 from €4.2B at the end of Q2 and despite the company's debt carrying junk status. Trading in the bonds is expected to start on Friday. Shares -5.8% in Helsinki. (PR)
Comments (1)
  • GFCZ
    , contributor
    Comments (9) | Send Message
     
    So thats why shares dropped, I was like: c'mon they have just released another phone, thinks ccant be that bad! But now I see: Convertible bonds - thats what
    23 Oct 2012, 07:03 PM Reply Like
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