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October 23, 2012 11:13 am GMT
Nokia's ongoing efforts to restructure and invest in a new direction for its mobile phone business is pushing the company into borrowing against its reserves: today the Finnish company said that it would make an offering in Europe of senior unsecured convertible bonds amounting to 750 million ($979 million), which it said that it would use to service debt "while preserving existing pools of liquidity and for general corporate purposes."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/L6ZkCWOlBZs/
Nokia To Offer 750M ($979M) In Bonds To Service Debt And Prop Up Its Cash Position
Nokia's ongoing efforts to restructure and invest in a new direction for its mobile phone business is pushing the company into borrowing against its reserves: today the Finnish company said that it would make an offering in Europe of senior unsecured convertible bonds amounting to 750 million ($979 million), which it said that it would use to service debt "while preserving existing pools of liquidity and for general corporate purposes."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/L6ZkCWOlBZs/
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