Sony Corp. to Raise $3.6BN Through Stock and Bond Issue

Sony Corp. is to raise around $3.6 billion (¥440 billion) through an issue of new stock and bonds on Japanese and international capital markets in order to strengthen its financial base and invest in growth business sectors, the company announced Tuesday.
The entertainment to electronics conglomerate is to sell up to 92 million new shares in Japan and overseas, as well as approximately $1 billion (¥120 billion) worth of bonds in Japan only.