Sony Hires Banks to Sell Bonds
Bloomberg is reporting that SONY Corporation has hired four banks to sell about $1 billion worth of bonds to help it refinance its current debt. According to the Bloomberg source, Sony will sell three, five and 10-year notes and the money they raise will be used to help them run “daily operations.” Bloomberg says that Sony currently has 144.9 billion yen of bonds coming due in 2010.
To read the entire Bloomberg story, go here.
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