Sony Global - Corporate Bonds & Ratings

Corporate Bonds & Ratings

Convertible Bonds
Straight Bonds
Corporate Ratings

Convertible Bonds

As of March 31, 2009

Name (Date of issuance)	Conversion period	Interest rate	Total amount of issue	Conversion price	Outstanding balance (Percentage of bonds converted)
U.S. Dollar convertible bonds (April 17, 2000)	4/1/2001 ~3/31/2010	0%	U.S.$ 57,331 thousand	¥ 13,220	U.S.$ 45,550 thousand (0%)
U.S. Dollar convertible bonds (April 16, 2001)	4/17/2001 ~3/31/2011	0%	U.S.$ 77,056 thousand	¥ 8,814	U.S.$ 45,467 thousand (0%)
U.S. Dollar convertible bonds (April 15, 2002)	4/16/2002 ~4/2/2012	0%	U.S.$ 67,297 thousand	¥ 6,931	U.S.$ 32,793 thousand (6.3%)

(Note) All convertible bonds were issued to provide equity-based compensation to certain executives in Sony's U.S. subsidiary companies. The outstanding balance of each series is not equal to the total amount of issue of such series since Sony Corporation repurchased and canceled certain portion of each series which were not used for such purpose.

Straight Bonds

As of March 31, 2009

Name (Date of issue)	Years	Interest rate	Total amount of issue	Outstanding balance
The eighth (2) series of unsecured bonds (July 26, 2000)	10	(Note 2)	¥ 5,000 million	¥ 4,900 million
The ninth series of unsecured bonds (September 13, 2000)	10	2.04%	¥ 50,000 million	¥ 50,000 million
The twelfth series of unsecured bonds (September 17, 2001)	10	1.52%	¥ 50,000 million	¥ 50,000 million
The fifteenth series of unsecured bonds (September 8, 2005)	5	0.80%	¥ 50,000 million	¥ 50,000 million
The sixteenth series of unsecured bonds (September 8, 2005)	7	1.16%	¥ 40,000 million	¥ 40,000 million
The seventeenth series of unsecured bonds (September 8, 2005)	10	1.57%	¥ 30,000 million	¥ 30,000 million
The eighteenth series of unsecured bonds (February 28, 2006)	4	1.01%	¥ 40,000 million	¥ 40,000 million
The nineteenth series of unsecured bonds (February 28, 2006)	7	1.52%	¥ 35,000 million	¥ 35,000 million
The twentieth series of unsecured bonds (February 28, 2006)	10	1.75%	¥ 25,000 million	¥ 25,000 million
The twenty-first series of unsecured bonds (December 25, 2008)	3	1.165%	¥ 10,500 million	¥ 10,500 million
The twenty-second series of unsecured bonds (December 25, 2008)	5	1.403%	¥ 10,700 million	¥ 10,700 million
The twenty-third series of unsecured bonds (December 25, 2008)	10	2.004%	¥ 16,300 million	¥ 16,300 million

(Note 1) Sony Corporation assumed responsibility for the eighth (2) series of unsecured bonds as a result of its merger with AIWA Corporation. Sony Corporation repurchased and canceled one hundred million yen of the eighth (2) series of unsecured bonds.
(Note 2) The interest rate of the eighth (2) series of unsecured bonds is calculated by subtracting 2-year interest rate swap from 20-year interest rate swap and then adding 1.00%. (If the result of this calculation is negative, the interest rate is 0%.)

Corporate Ratings

Rating Agency	Rating
Standard & Poor's	A-
Moody's	A3
Rating and Investment Information, Inc.	AA-

(Note) Ratings above are Sony Corporation's long-term debt ratings.