Panasonic to Integrate Bond Financing, Redemption and Administrative Work of Wholly-Owned Subsidiary SANYO Electric Co

Panasonic Corporation (NYSE: PC) today announced that its Board of Directors has decided and signed an agreement to assume operations related to bond financing, redemption and administrative work of SANYO Electric Co., Ltd. , a wholly-owned consolidated subsidiary of Panasonic, through business division.

This division is expected to take effect on January 1, 2012. Details of the business division are outlined below.