Nokia 2012 Annual Report Download - page 280

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As of 31 December, 2012, Group’s interest bearing liabilities consisted of:
Nokia Issuer/Borrower Final Maturity 2012 2011
EURm EURm
Revolving Credit Facility
(EUR 1 500 million) ................... Nokia Corporation March 2016 — —
EUR Bond 2014 (EUR 1 250 million 5.5%) . . Nokia Corporation February 2014 1 250 1 250
EUR Bond 2019 (EUR 500 million 6.75%) . . . Nokia Corporation February 2019 500 500
USD Bond 2019 (USD 1 000 million
5.375%) ............................. Nokia Corporation May 2019 761 766
USD Bond 2039 (USD 500 million
6.625%) ............................. Nokia Corporation May 2039 381 383
EUR EIB R&D Loan ..................... Nokia Corporation February 2014 500 500
EUR Convertible Bond 2017
(EUR 750 million 5%) .................. Nokia Corporation October 2017 750 —
Differences between Bond nominal and
carrying values(1) ..................... Nokia Corporation 55 129
Other interest-bearing liabilities ........... Nokia Corporation and
various subsidiaries 209 168
Total Nokia ........................... 4 406 3 696
Nokia Siemens Networks Issuer/Borrower Final Maturity 2012 2011
EURm EURm
Revolving Credit Facility
(EUR 2 000 million) ...................
Nokia Siemens Networks
Finance B.V. June 2012 — 613
Bank Term Loan (EUR 600 million) ........ Nokia Siemens Networks
Finance B.V. March 2014 600 —
Revolving Credit Facility
(EUR 750 million) .....................
Nokia Siemens Networks
Finance B.V. June 2015 — —
EUR Finnish Pension Loan ............... Nokia Siemens Networks
Oy October 2015 132 176
EUR EIB R&D Loan ..................... Nokia Siemens Networks
Finance B.V. January 2015 150 250
EUR Nordic Investment Bank ............. Nokia Siemens Networks
Finance B.V. March 2015 80 80
Other interest-bearing liabilities ........... Nokia Siemens Networks
Finance B.V. and
various subsidiaries 181 506
Total Nokia Siemens Networks .......... 1 143 1 625
Total Nokia Group ..................... 5 549 5 321
(1) This line includes mainly fair value adjustments for bonds that are designated under Fair value
hedge accounting and difference between convertible bond nominal value and carrying value of
the financial liability component.
All Nokia borrowings specified above are senior unsecured and have no financial covenants. All
borrowings, apart from EIB R&D loan, are used for general corporate purposes.
All Nokia Siemens Networks borrowings specified above are senior unsecured and include financial
covenants relating to financial leverage and interest coverage of the Nokia Siemens Networks. As at
year end 2012 all financial covenants were satisfied. All borrowings, apart from EIB and Nordic
Investment bank R&D loans, are used for general corporate purposes.
F-79