ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Sony to issue 100bn yen in bonds

Sony's headquarters, near Tokyo's Shinagawa Station

TOKYO -- Sony plans to raise some 100 billion yen ($982 million) by issuing bonds to institutional investors, perhaps in September.

The Japanese corporate icon wants to be ready to pounce on future acquisitions and make other growth investments.

Terms and conditions of the issuance, including coupon payments, are yet to be finalized. But Sony will likely issue several straight bonds that mature in five to 10 years. Depending on demand, the total issuance could be raised to 150 billion yen or so.

It will be the first time since June 2013 for Sony to issue straight bonds. Three years ago, it raised 150 billion yen from small investors. 

Sony projects its operating profit for the year ending March to reach 300 billion yen, up 2%. For the following year, it expects its fattest profit in two decades -- 500 billion yen or higher.

With PlayStation 4, a home gaming console, selling well, Sony wants to venture into new businesses, such as artificial-intelligence-based robotics.

Under the negative interest rate policy introduced by the Bank of Japan earlier this year, Japanese businesses are becoming keen to issue bonds. SoftBank is considering 1 trillion yen in hybrid bonds, while Panasonic has announced its intention to raise 400 billion yen through a straight bond issuance.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more