May 14, 2020 / 7:17 AM / 12 days ago

Finland's Nokia buys back 150 mln euros of notes

May 14 (Reuters) - Finnish telecom equipment maker Nokia said on Thursday it would buy back 150 million euros ($162 million) of its March 2021 notes as it restructures its finances.

“We are pleased to have pre-financed our 2021 and 2022 maturities in-line with our prudent capital structure management, which has positioned us well to run our business and continue to fund the R&D (research and development) investments needed for industry leadership,” Chief Financial Officer Kristian Pullola said in a statement.

Barclays Bank PLC, Citigroup Global Markets Limited, Goldman Sachs International and Nordea Bank acted as joint dealer managers for the tender offer.

$1 = 0.9254 euros Reporting by Tarmo Virki; Editing by Edmund Blair

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