During Thursday’s Morning trade, Shares of Nokia Corporation (ADR) (NYSE:NOK), dropped -1.42% to $6.94. The firm opened its current trade at $6.96, and as of now, it is trading at $6.94. The total volume traded for the day is 425,917.00 shares, as compared to its average daily volume of 11.31M shares. The stock is floating in a range of $6.94 - $6.96. The stock holda the market capitalization of $25.33B.
Nokia Corporation (NOK),declared that it has decided to exercise its option to redeem its EUR 750 million convertible bonds due in 2017 (the “Convertible Bonds”) on November 26, 2015 at their principal amount outstanding plus accrued interest, and has recently sent a redemption notice to all holders of the Convertible Bonds.
As an alternative to the redemption of the Convertible Bonds, bondholders have option to convert their Convertible Bonds into Nokia shares by delivering a conversion notice to Citibank N.A., London Branch, in its capacity of Paying, Transfer and Conversion Agent by no later than the close of business on November 17, 2015.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. The company operates through four segments: Mobile Broadband, Global Services, HERE, and Nokia Technologies.
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