Berkshire Hathaway Issues 1.14 Billion Dollar Yen Bond Sale
Berkshire Hathaway is raising approximately 1.14 billion dollars through the sale of senior unsecured bonds denominated in Japanese yen across five different maturities.
Berkshire Hathaway is seeking to raise approximately 1.14 billion dollars through the issuance of senior unsecured bonds denominated in Japanese yen. The offering is structured across five different maturities to diversify the debt profile, including three, five, seven, 10, and 30-year terms.
The specific breakdown of the issuance includes 92 billion yen in three-year bonds, 57.3 billion yen in five-year notes, 16.1 billion yen in seven-year securities, 2.7 billion yen in 10-year bonds, and 14.2 billion yen in 30-year debt. These securities are scheduled to settle on November 19.
Credit rating agencies Moody's and S&P Global Ratings are expected to assign ratings of Aa2 and AA respectively. These ratings match the conglomerate's current issuer ratings and stable outlooks.
