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

[Akvod]

Slimebeast said:

kowenicki said:

sales2099 said:
Most of that money is being used to repay debts......wow.

Well refinancing debt isnt unusual.  Its an ongoing thing. All large companies carry debt that they regularly re-finance.

Why is that? To get away with lower taxes?

Sony has no taxable income... Even if they had a little bit recently, their NOL's would have wiped that away.