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Posts tagged bonds

Sony generating $1.9 billion via convertible bonds sales

Sony is raising a little extra "walking around town" money by selling convertible bonds to the tune of $1.9 billion. A third of the $1.9 billion will go toward an investment in Japanese optics company Olympus Corp., while some will be used to finance Sony's acquistion of Gaikai. Sony is also...

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Sony moves a step closer to junk; outlook "negative"

Fitch Ratings (a company that assesses the risk level of debt) announced today that they have downgraded several types of Sony debt to "BBB+" (the debt is still three notches above the dreaded "junk" moniker, however). Fitch also slapped a "negative" outlook on the debt, indicating that future debt...

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