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September 4, 2001
Issues of the Eleventh and the Twelfth Series Unsecured Bonds
Sony Corporation (the "Corporation"), today, has determined to issue 2 tranches of straight bonds, with total amount of 150 billion yen, under the domestic bond shelf registration (The unused maximum aggregate issue price under the shelf: 150 billion yen, effective period: through July 26, 2002). The Corporation intends to use the proceeds of the issues for the repayment of indebtedness including existing straight bonds, and for investment.
The terms of the issues are as follows:
The Eleventh Series Unsecured Bonds (the "Bonds")
| 1. Total amount of issue:
|
100 billion yen |
| 2. Denomination
of each Bond: |
100 million yen |
| 3. Form of Bonds: |
Bearer Bonds with Coupons |
| 4. Interest rate: |
0.64% per annum |
| 5. Issue price: |
99.99% of the principal
amount |
| 6. Redemption price: |
100% of the principal amount |
| 7. Maturity date: |
September 20, 2006 |
| 8. Offering period: |
September 4, 2001 |
| 9. Payment date: |
September 17, 2001 |
| 10. Method of offering: |
Public offering; 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 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 after the issue of the Bonds, purchase the Bonds and have
such purchased Bonds canceled. |
| 14. Interest payment
dates: |
March 20 and September
20 of each year |
| 15. Lead manager and
Book- runner: |
The Nomura Securities Co.,
Ltd. |
| 16. Fiscal agent: |
Sumitomo Mitsui Banking
Corporation |
| 17. Ratings: |
The Bonds have been given
ratings of "Aa3" from Moody's Investors Service, Inc., "A+" from
Standard & Poor's, and "AA+" from Rating and Investment Information,
Inc. |
The Twelfth Series Unsecured Bonds (the "Bonds")
| 1. Total amount of issue:
|
50 billion yen |
| 2. Denomination
of each Bond: |
100 million yen |
| 3. Form of Bonds: |
Bearer Bonds with Coupons |
| 4. Interest rate: |
1.52% per annum |
| 5. Issue price: |
99.99% of the principal
amount |
| 6. Redemption price: |
100% of the principal amount |
| 7. Maturity date: |
September 20, 2011 |
| 8. Offering period: |
September 4, 2001 |
| 9. Payment date: |
September 17, 2001 |
| 10. Method of offering: |
Public offering; 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 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 after the issue of the Bonds, purchase the Bonds and have
such purchased Bonds canceled. |
| 14. Interest payment
dates: |
March 20 and September
20 of each year |
| 15. Lead manager and
Book- runner: |
The Nomura Securities Co.,
Ltd. |
| 16. Fiscal agent: |
Sumitomo Mitsui Banking
Corporation |
| 17. Ratings: |
The Bonds have been given
ratings of "Aa3" from Moody's Investors, Service Inc., "A+" from
Standard & Poor's, and "AA+" from Rating and Investment Information,
Inc. |
|
