Nokia 2010 Annual Report Download - page 270

35. Risk Management (Continued)
The most significant existing Committed Facilities include:
Borrower(s):
Nokia Corporation: ......................... USD1923million Revolving Credit Facility,
maturing 2012
Nokia Siemens Networks Finance B.V. and Nokia
Siemens Networks Oy: .....................
EUR 2 000 million Revolving Credit Facility,
maturing 2012
USD 1 923 million Revolving Credit Facility of Nokia Corporation is used primarily for US and Euro
Commercial Paper Programs back up purposes. At year end 2010, this facility was fully undrawn.
EUR 2 000 million Revolving Credit Facility of Nokia Siemens Networks Finance B.V. and Nokia Siemens
Networks Oy is used for general corporate purposes. The Facility includes financial covenants related
to gearing test, leverage test and interest coverage test of Nokia Siemens Networks. As of
December 31, 2010, EUR 103 million of the facility was drawn and all financial covenants were
satisfied.
As of December 31, 2010, the weighted average commitment fee on the committed credit facilities
was 0.83% per annum (0.70% in 2009).
The most significant existing funding programs as of December 31, 2010 were:
Issuer(s): Program Issued
Nokia Corporation: ................ Shelf registration statement on file
with the US Securities and Exchange
Commission
USD 1 500 million
Nokia Corporation: ................ Localcommercial paper program in
Finland, totaling EUR 750 million
—
Nokia Corporation: ................ USCommercial Paper (USCP) program,
totaling USD 4 000 million
USD 500 million
Nokia Corporation and Nokia Finance
International B.V.: ................. EuroCommercial Paper (ECP) program,
totaling USD 4 000 million
—
Nokia Siemens Networks Finance
B.V.:..........................
Local commercial paper program in
Finland, totaling EUR 500 million
EUR 245 million
F82
Notes to the Consolidated Financial Statements (Continued)