Sony : Issues of the Thirty-ninth, Fortieth and Forty-first Series of Unsecured Bonds
March 01, 2024 at 04:42 pm IST
Share
March 1, 2024
Sony Group Corporation
Issues of the Thirty-ninth, Fortieth and Forty-first Series of Unsecured Bonds
Tokyo, March 1, 2024 -- Sony Group Corporation (the "Corporation") announced today that it has determined the final terms of three tranches of unsecured straight bonds in the total principal amount of 150.0 billion yen. The bonds will be issued in Japan under the Corporation's domestic bond shelf registration for public offerings in Japan (the aggregate principal amount under the shelf registration, before taking into account the issuance of these three tranches, is 300.0 billion yen and the shelf registration's period of effectiveness ends on December 22, 2025).
1.
Name of the bonds
Sony Group Corporation unsecured bonds
The thirty-ninth
The fortieth
The forty-first
2.
Total amount of issue:
60.0 billion yen
60.0 billion yen
30.0 billion yen
3.
Denomination of each
100 million yen
bond:
4.
Interest rate:
0.350% per annum
0.627% per annum
1.001% per annum
5.
Issue price:
100% of the principal amount
6.
Redemption price:
100% of the principal amount
7.
Maturity date:
March 5, 2027
March 7, 2029
March 7, 2034
8.
Interest payment dates:
March 20 and September 20 of each year
9.
Fiscal, issuing and
Sumitomo Mitsui Banking Corporation
paying agent:
10.
Ratings:
"AA-" from Rating and Investment Information, Inc. (R&I)
and "AA" from Japan Credit Rating Agency, Ltd. (JCR)
11.
Use of proceeds
The repayment of commercial paper and the working capital.
Note: This press release is intended as general information regarding Sony Group Corporation's issuance of unsecured straight bonds and does not constitute, or form a part of, an offer of securities for sale in the United States or Canada or any jurisdiction where it is unlawful to do so. The securities have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any jurisdiction other than Japan, and the securities may not be offered or sold in the United States or to, or for the benefit of, a U.S. person (as defined in Regulation S under the Securities Act) absent registration under the Securities Act or an applicable exemption from the registration requirements under the Securities Act or offered or sold in any other jurisdiction absent compliance with applicable securities laws.
- 1 -
Attachments
Original Link
Original Document
Permalink
Disclaimer
Sony Group Corporation published this content on
01 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
01 March 2024 11:12:54 UTC.
Sony Group Corporation (formerly Sony Corporation) is a world leader in designing, manufacturing, and selling electronics and entertainment products. Net sales break down by activity as follows:
- game sales (28.9%): game consoles, softwares and consumables;
- sale of multimedia products (21.1%): televisions (37.3% of sales), mobile telecommunications equipment (18.8%), still and video cameras (17.7%), audio and video equipment (16.5%) and other (9.7%);
- music production and distribution (10.3%; Sony Music Entertainment);
- sale of imaging and sensing solutions (10.4%);
- cinematography production and distribution and TV broadcasting (8.4%): operating primarily on behalf of Sony Pictures and Columbia Pictures;
- other (2.4%).
The remaining sales (18.5%) are from financial services.
Net sales break down geographically as follows: Japan (32.9%), China (8.5%), Asia/Pacific (9.6%), the United States (23.9%), Europe (20.2%) and other (4.9%).