Sony Corp. has hired four banks to manage the sale of $100 billion yen ($1 billion) in bonds, a banker involved with the deal told Bloomberg news.

Sony will sell the bonds in maturities of three, five and then years, the banker said, not wanting to be identified ahead of an official announcement.

Nomura Securities Co., Nikko Citigroup Ltd., Mitsubishi UFJ Securities Co. and Mizuho Securities Co. will manage the sale together, the banker told Bloomberg.