News Headline Summary
Sony (6758 JT) sell offers outnumber bids 8-1 after Moody's downgrade triggers the right to demand reimbursement
- Following Moody's downgrade of Sony to Baa3 on November 9th, a commercial customer has the right to demand reimbursement of remaining balance of advance payment.
- Customer has the right to demand maximum USD 585mln, which it would be obliged to reimburse the full amount.
- Co. is also to issue JPY in convertible bonds to help finance a series of investments.
- Co.'s shares fall 9.2% at the re-opening.
00:02, 15 Nov 2012 -
23:54, 15 Nov 2012
Whitehaven (WHC AT) is to scale back its business development unit and Brisbane presence
23:26, 15 Nov 2012
Henan province is to invest CNY 465bln in environmental projects, according to Xinhua
23:22, 15 Nov 2012
China may expand trial on clean power subsidies, according to China Securities Journal
23:14, 15 Nov 2012
Encouraged by better-than-expected earnings, Resona Holdings Inc. (8308 JT) is looking to pay back its debt to the government ahead of schedule, Co. President Seiji Higaki has said
23:12, 15 Nov 2012
China may let let individuals invest in OTC markets, according to China Securities Journal
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