Sony to Tap Consumers in $1.5 Billion Bond

Sony to Tap Consumers in $1.5 Billion Bond: "Sony said Friday it will issue its first ever bond aimed at individual investors to raise 150 billion yen ($1.48 billion).

(Read More: Japan Bond Yields Spike — 10-Year Hits 1%)

Most of the proceeds will be used to roll over 110 billion yen of debt due for repayment at the end of the year, with the remainder to be used to invest in plant and equipment.

"The bond is primarily for maintaining financial stability," Sony spokeswoman Yuki Shima said. She declined to give details of how the remaining 40 billion yen would be invested."

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