Nokia Master Receivable Tender

COMPANY NAME
Nokia Corporation

PROJECT NUMBER
15494-01

Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.

E&S CATEGORY tooltip
C

COUNTRY

Regional

SECTOR

Digital Economy

STATUS
Proposed

DISCLOSED DATE
06/04/2025

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

PROJECTED BOARD DATE tooltip
07/22/2025

APPROVAL DATE
N/A

SIGNED DATE
N/A

SPONSORING ENTITY
N/A

INVESTMENT OPERATIONS DEPARTMENT CONTACT
Corporates Division

INVESTMENT TYPE
Loan

SYNDICATED AMOUNT
N/A

FINANCING AMOUNT
USD $ 50,000,000

CURRENCY
USD
Project scope and objective
The proposed transaction consists of a revolving receivables purchase facility of up to US$50 million, through which Nokia Corporation will sell, under a non-recourse portfolio assignment scheme, credit rights arising from the delivery of digital solutions and services to corporate clients, subject to IDB Invest approvals. Debtors will be notified of the assignment, and IDB Invest will directly receive the corresponding payments. The facility will not only provide flexible working capital to support Nokia's commercial expansion in key markets in the region, including Mexico, but will also facilitate a better value proposition in its commercial management vis-à-vis other unreliable technology suppliers.

The operation also seeks to promote access to structured financing for technology providers in Latin America and the Caribbean.