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

|About: Nokia Corporation (NOK)|By:, SA News Editor

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)