Sony to sell $1.9bn of conv bonds, stock down 10% in early trading.

[Soleron]

Soundwave said:

happydolphin said:

Proclus said:

Err, yeah, then you get Sony and untold billions in debt, I think MS will pass, and rightly so.

I think they are intending to pay that debt back with these bonds.

Their overall debt is far bigger than just $1.1 billion. This will put a dent in it though.

No, it will increase the total interest and therefore amount payable, it just spreads it over a longer time for them.