Skip to main body

Sony Corp. Info

Content Menu

    Back
    Sony Corp. Info
    The following information is true and accurate at the time of publication.
    March 07, 2012

    Issues of the Twenty-seventh and Twenty-eighth Series Unsecured Bonds

    Tokyo, March 7, 2012 --Sony Corporation (the “Corporation”) announced today that it has determined the terms of two tranches of straight bonds in the total principal amount of 55.0 billion yen to be issued in Japan under its domestic bond shelf registration. The unused aggregate principal amount under the shelf registration is 300.0 billion yen and the shelf registration’s period of effectiveness ends on August 19, 2013. The Corporation intends to use the proceeds of the issues for the redemption of corporate bonds.

    The Twenty-seventh Series Unsecured Bonds (the “Bonds”)

    1. Total amount of issue:
    45.0 billion yen
    2. Book-entry bonds:
    The provisions of the Law Concerning Book-Entry Transfer of Corporate Bonds and Shares, etc. shall apply to the Bonds.
    3. Denomination of each Bond:
    100 million yen
    4. Interest rate:
    0.664% per annum
    5. Issue price:
    100% of the principal amount
    6. Redemption price:
    100% of the principal amount
    7. Maturity date:
    March 17, 2017
    8. Offering period:
    March 7, 2012
    9. Payment date:
    March 13, 2012
    10. Method of offering:
    Public offering in Japan; provided, however, that the Bonds shall not be offered in the United States or to any U.S. persons.
    11. Security:
    The Bonds are not secured by any pledge, mortgage or other charge on any assets or revenues of the Corporation or of others, nor are they guaranteed. There are no assets reserved as security for the Bonds.
    12. Special covenants:
    The Bonds are subject to certain covenants relating to the negative pledge.
    13. Redemption prior to maturity:
    The Corporation may, at any time on or after the day following the issue date, purchase the Bonds and have such purchased Bonds canceled.
    14. Interest payment dates:
    March 20 and September 20 of each year
    15. Book-entry transfer institution:
    Japan Securities Depositary Center, Inc.
    16. Fiscal, issuing and paying agent:
    Sumitomo Mitsui Banking Corporation
    17. Ratings:
    The Bonds have been given ratings of “Baa1” from Moody’s Japan K.K., “BBB+” from Standard & Poor’s Ratings Japan K.K., and “A+” from Rating and Investment Information, Inc.

    The Twenty-eighth Series Unsecured Bonds (the “Bonds”)

    1. Total amount of issue:
    10.0 billion yen
    2. Book-entry bonds:
    The provisions of the Law Concerning Book-Entry Transfer of Corporate Bonds and Shares, etc. shall apply to the Bonds.
    3. Denomination of each Bond:
    100 million yen
    4. Interest rate:
    1.410% per annum
    5. Issue price:
    100% of the principal amount
    6. Redemption price:
    100% of the principal amount
    7. Maturity date:
    March 18, 2022
    8. Offering period:
    March 7, 2012
    9. Payment date:
    March 13, 2012
    10. Method of offering:
    Public offering in Japan; provided, however, that the Bonds shall not be offered in the United States or to any U.S. persons.
    11. Security:
    The Bonds are not secured by any pledge, mortgage or other charge on any assets or revenues of the Corporation or of others, nor are they guaranteed. There are no assets reserved as security for the Bonds.
    12. Special covenants:
    The Bonds are subject to certain covenants relating to the negative pledge.
    13. Redemption prior to maturity:
    The Corporation may, at any time on or after the day following the issue date, purchase the Bonds and have such purchased Bonds canceled.
    14. Interest payment dates:
    March 20 and September 20 of each year
    15. Book-entry transfer institution:
    Japan Securities Depositary Center, Inc.
    16. Fiscal, issuing and paying agent:
    Sumitomo Mitsui Banking Corporation
    17. Ratings:
    The Bonds have been given ratings of “Baa1” from Moody’s Japan K.K., “BBB+” from Standard & Poor’s Ratings Japan K.K., and “A+” from Rating and Investment Information, Inc.
    Note: This press release is intended as general information regarding Sony Corporation’s issuance of straight bonds and shall not be considered an offering of securities. This press release shall not be construed as an offering of securities in any region, including the United States or Canada. The securities have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act.



    Skip to footer
    Return to top of page