Toshiba Corp Plans to Issue Bonds to Pay for Westinghouse

Toshiba Corp and Marubeni made a deal to buy Westinghouse Electric Co., the nuclear power facility maker.

The day after the deal was signed, Marubeni backed out and opted instead to buy into Daiei Department sales leaving Toshiba Corp. with a shortfall of a couple of billion dollars.

Toshiba at first said it would court other investors. Now, however, Toshiba says is will issue some 400 billion ($3.3 billion) in corporate bonds to raise money for its acquisition.

In other words, they want you and me, well, if we were Japanese, to buy it for them and then they will give us our money back at some ridiculous low interest rate.

Toshiba says that they can recoup the costs of buying Westinghouse within 17 years.

Toshiba believes there is a market for nuclear energy.

I believe there is, too.

What do you think?