Sony Corp. said Tuesday it plans to raise 150 billion yen -- 100 billion yen in five-year domestic bonds and 50 billion yen in 10-year domestic bonds.
The coupon for the five-year bonds, whose maturity is Sept. 20, 2006, is 0.64 percent per year and the issue price is 99.99 yen against a par value of 100 yen. Payment is due Sept. 17, and the lead manager is Nomura Securities Co., Sony said in a release.
The coupon for the 10-year bonds, which mature Sept. 20, 2011, is 1.52 percent per year. The issue price is also 99.99 yen against a par value of 100 yen and payment is also due Sept. 17.
Proceeds from the bond offerings will be used to repay outstanding debts, Sony said.
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