Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Microsoft Plans to Buy $2 Billion Convertible Bonds From Nokia

Sept. 6 (Bloomberg) -- Microsoft Corp. is to buy 1.5 billion euros ($2 billion) of convertible bonds from Nokia Oyj to help the Finnish company repay loans it used to fund the buyout of Nokia Siemens Networks.

The securities will be redeemed on completion of Microsoft’s $7.2 billion acquisition of Nokia’s handset business, according to a statement from the Espoo, Finland-based company.

Nokia agreed to buy Siemens AG’s 50 percent share in Nokia Siemens Networks in July for 1.7 billion euros. It raised 1.2 billion euros of loans arranged by JPMorgan Chase & Co. and borrowed 500 million euros from Siemens, people familiar with the debt said at the time.

To contact the reporters on this story: Tom Freke in London at tfreke@bloomberg.net; Stephen Morris in London at smorris39@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.