Reuters: Technology News: Sony to raise $1.9 billion through convertible bonds issue

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Sony to raise $1.9 billion through convertible bonds issue Nov 14th 2012, 07:27 TOKYO | Wed Nov 14, 2012 1:52am EST TOKYO (Reuters) - Japan's Sony Corp said on Wednesday it will sell 150 billion yen ($1.9 billion) worth of convertible bonds to repay debt and pay for a planned ramping up in CMOS image sensors and other investments, it said in a filing. Sony said it will also use the money to help pay for its investment in Olympus Corp and its acquisition of U.S. firm Gaikai Inc.

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