Telecommunications equipment and services to Spain

Exporter: Nokia Solutions and Networks Oy
Guarantee Holder: Banco Santander, S.A.
Lenders: Banco Santander, S.A. and Crédit Agricole Corporate and Investment Bank
Arrangers: Banco Santander, S.A. and Crédit Agricole Corporate and Investment Bank
Arranger of Interest Equalisation: Finnish Export Credit Ltd
Buyers: Telefónica S.A. and its subsidiaries globally
Exported Goods/Project: Telecommunications equipment and services
Buyer’s country: Spain and the subsidiaries of Telefónica S.A. globally
Credit amount: EUR 500 million
Credit period: 8.5 years
Percentage of cover: 95%
Environmental classification: C
Information published: 22 December 2015