Finnvera guarantees Nokia's deliveries to United States
Finnvera has issued a credit risk guarantee to cover financing of Nokia´s receivables from AT&T Mobility, a subsidiary of AT&T, the biggest telecom operator in USA. The total amount of guaranteed receivables is USD 500 million and payment term 3 years. Nokia’s deliveries consist of telecom equipment, software and related services.
Signing date of the Finnvera Guarantee Agreement: 22 September 2022
Name of the Guarantee Holder: Nokia Corporation
Name of the Exporter: Nokia of America Corporation
Name of the Buyer: AT&T Mobility, USA
Export transaction: Telecommunication equipment, software and related services
Country of Export transaction: USA
Amount of Guaranteed Receivables: USD 500 million
Credit period: 3 years
Percentage of cover: 95%
Es-risk classification: C
