Справочник Пользователя для Sony MPK-THC
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Stock Acquisition Rights and Bond Information
(As of March 31, 2004)
Straight Bonds
Name
Date of issue
Years
Interest rate (%)
Total amount of issue
Outstanding balance
The sixth (2) series of unsecured bonds
October 23, 1998
7
2.00
¥15,000 million
¥15,000 million
The seventh (2) series of unsecured bonds
July 26, 2000
7
1.99
¥15,000 million
¥15,000 million
The eighth (2) series of unsecured bonds
July 26, 2000
10
(Note 2)
¥5,000 million
¥4,900 million
The eighth series of unsecured bonds
September 13, 2000
5
1.42
¥100,000 million
¥100,000 million
The ninth series of unsecured bonds
September 13, 2000
10
2.04
¥50,000 million
¥50,000 million
The eleventh series of unsecured bonds
September 17, 2001
5
0.64
¥100,000 million
¥100,000 million
The twelfth series of unsecured bonds
September 17, 2001
10
1.52
¥50,000 million
¥50,000 million
(Notes) 1. Sony Corporation assumed responsibility for the sixth (2) series of unsecured bonds, the seventh (2) series of unsecured bonds and the eighth (2) series of unsecured bonds as a result of its merger with
AIWA Corporation. Sony Corporation repurchased and canceled one hundred million yen of the eighth (2) series of unsecured bonds.
2. The interest rate of the eighth (2) series of unsecured bonds is calculated by subtracting 2-year interest rate swap from 20-year interest rate swap and then adding 1.00%. (If the result of this calculation
is negative, the interest rate is 0%.)
Bonds with Warrants
Outstanding balance
Name
Date of issue
Years
Interest rate (%)
Total amount of issue
Conversion price
(Percentage of warrants exercised)
The sixth series of unsecured bonds with warrants
August 17, 1998
6
0.03
¥4,000 million
¥6,263.5
¥3,536 million
(11.6%)
The seventh series of unsecured bonds with warrants
August 23, 1999
6
0.1
¥4,000 million
¥7,166.5
¥4,000 million
(0%)
The tenth series of unsecured bonds with warrants
October 19, 2000
6
1.55
¥12,000 million
¥12,457.0
¥11,490 million
(0%)
The thirteenth series of unsecured bonds with warrants
December 21, 2001
6
0.9
¥7,300 million
¥6,039.0
¥6,920 million
(0%)
The fourteenth series of unsecured bonds with warrants
December 21, 2001
6
0.9
¥150 million
¥3,300.0
¥150 million
for shares of Subsidiary Tracking Stock
(0%)
(Note)
All bonds with warrants were issued for distribution to the directors and other executives of Sony Corporation as an equity-based incentive plan. The fourteenth series of unsecured bonds with warrants for
shares of Subsidiary Tracking Stock was issued for distribution to the directors and other executives of Sony Communication Network. Regarding the tenth series of unsecured bonds with warrants and the
thirteenth series of unsecured bonds with warrants, Sony Corporation canceled a portion of the warrants that were not used for the incentive plan. As a result, although the exercise ratio is 0% for both
issues, the value of bonds issued does not match the outstanding balance of warrants.
shares of Subsidiary Tracking Stock was issued for distribution to the directors and other executives of Sony Communication Network. Regarding the tenth series of unsecured bonds with warrants and the
thirteenth series of unsecured bonds with warrants, Sony Corporation canceled a portion of the warrants that were not used for the incentive plan. As a result, although the exercise ratio is 0% for both
issues, the value of bonds issued does not match the outstanding balance of warrants.
Stock Acquisition Rights (SARs)
Date of issue
Total number of
Exercise
Outstanding
Percentage of
Name
(Exercise period)
SARs to be issued
price
balance
SARs exercised (%)
The first series of Common Stock
December 9, 2002
Acquisition Rights
(December 8, 2012)
12,004
¥5,396.00
12,004
0
The second series of Subsidiary
December 9, 2002
Tracking Stock Acquisition Rights
(December 8, 2012)
455
¥1,008.00
455
0
The third series of Common Stock
March 31, 2003
Acquisition Rights
(March 31, 2013)
14,475
U.S.$36.57
14,475
0
The fourth series of Common Stock
November 14, 2003
Acquisition Rights
(November 13, 2013)
13,978
¥4,101.00
13,978
0
The fifth series of Subsidiary
November 14, 2003
Tracking Stock Acquisition Rights
(November 13, 2013)
455
¥815.00
455
0
The sixth series of Common Stock
March 31, 2004
Acquisition Rights
(March 31, 2014)
12,236
U.S.$40.90
12,236
0
(Note)
Stock Acquisition Rights number 1 through 6 were issued at no cost for the purpose of granting stock options. The number of shares to be issued upon exercise of each Stock Acquisition Right is 100.
Convertible Bonds
Outstanding balance
Name
Date of issue
Years
Interest rate (%)
Total amount of issue
Conversion price
(Percentage of bonds converted)
The fourth series of unsecured
February 14, 1990
15
1.4
¥300,000
¥3,995.5
¥287,753 million
convertible bonds
million
(4.1%)
Euroyen-denominated notes with convertible bond-type
December 18, 2003
5
0
¥250,000
¥5,605.0
¥250,000 million
stock acquisition rights and conversion restrictions
million
(0.0%)
U.S. Dollar convertible bonds
April 17, 2000
10
0
U.S.$57,331
¥13,220.0
U.S.$49,707 thousand
thousand
(0.0%)
U.S. Dollar convertible bonds
April 16, 2001
10
0
U.S.$77,056
¥8,814.0
U.S.$60,014 thousand
thousand
(0.0%)
U.S. Dollar convertible bonds
December 17, 2001
5
0
U.S.$57,307
¥5,952.23
U.S.$57,134 thousand
thousand
(0.0%)
U.S. Dollar convertible bonds
April 15, 2002
10
0
U.S.$67,297
¥6,931.0
U.S.$50,612 thousand
thousand
(0.0%)
(Notes) 1. The Stock Acquisition Rights of the bonds with Stock Acquisition Rights (principal amount of ¥250 billion) cannot be detached from the bonds, and the exercise of a Stock Acquisition Right causes the
corresponding Bond to be cancelled in lieu of a cash payment for purchase of shares. Due to this close interrelation between the bonds and Stock Acquisition Rights, and in consideration of the value of
the Stock Acquisition Rights and the economic value obtainable by issuing the bonds with the coupon, issue price and other terms of the issue, the Stock Acquisition Rights are issued at no cost.
the Stock Acquisition Rights and the economic value obtainable by issuing the bonds with the coupon, issue price and other terms of the issue, the Stock Acquisition Rights are issued at no cost.
2. All U.S. dollar convertible bonds were issued to provide equity-based compensation to certain executives in Sony’s U.S. subsidiary companies. All U.S. dollar convertible bonds were issued for distribution
to certain executives in Sony Corporation’s U.S. subsidiary companies as an equity-based incentive plan. Although the conversion ratio is 0% for all these bonds, the value of bonds issued does not
match the outstanding balance of bonds because Sony Corporation purchased and canceled a portion of these warrants that were not used for the incentive plan.
match the outstanding balance of bonds because Sony Corporation purchased and canceled a portion of these warrants that were not used for the incentive plan.