Berkshire Hathaway Hires Banks for New Yen Bond Sale

Berkshire Hathaway has hired Mizuho Securities and BofA Securities to manage its first yen-denominated bond offering since April. The investment conglomerate intends to raise additional funds in Japan, maintaining a pattern of issuing yen bonds roughly twice per year.

This benchmark offering comes as other Japanese firms have reduced domestic bond sales following an October surge that widened yield spreads over government debt. The move marks the second yen bond sale since Warren Buffett stepped down as chief executive officer.

In April, the company raised 272.3 billion yen, approximately 1.7 billion dollars, through six tranches with maturities ranging from three to 30 years.