May 21, 2013

Nokia hoping to raise nearly $1bn from convertible bonds

Troubled mobile phone producer Nokia is looking to raise $972m from bonds convertible into shares as the company looks to finance its continued fight to draw away sales from the iPhone and Android-based smartphones.

Analysts have hailed Nokia’s choice of convertible bonds as they serve as a cheap way for Nokia to gain extra financing at this difficult time for the company

 

 

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