Panasonic Issues Straight Bonds
02 Febbraio 2011 - 10:36AM
Business Wire
Panasonic Corporation (NYSE:PC)(TOKYO:6752)("Panasonic")
announced that its Board of Directors today resolved to issue
straight bonds. Panasonic will offer the bonds in order to enhance
the stability of financial position with long-term stabilization of
debt.
An outline of the issuance of bonds is as
follows:
1. Type of Securities: Unsecured Straight Bonds
2. Amount: Up to 500 billion yen
3. Period of Issuance: In or after February 2011
4. Offering Method: Public Offering in Japan (planned)
5. Purpose of Funding: To repay short-term interest-bearing
debt
Details of the issuance of bonds, including
the total amount of bonds, offering price, interest rate, maturity
and date of issue, will be determined in the later stage.
Note: The securities referred to above have not been and
will not be registered under the U.S. Securities Act of 1933 and
may not be offered or sold in the United States absent registration
or an applicable exemption from registration requirement.
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