Berkshire Hathaway seeks about $1.1 billion through five-tranche yen bond offering
Berkshire Hathaway plans to raise 182.3 billion yen in a five-part bond offering with maturities from three to 30 years, Reuters reports, citing deal terms.
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what happened
Berkshire Hathaway is looking to borrow 182.3 billion yen, roughly $1.14 billion, through five tranches of Japanese yen debt. Reuters reviewed the deal terms on Friday and reported the plan.
The senior unsecured notes mature in three, five, seven, 10 and 30 years and are scheduled to settle on November 19. The largest piece is 92 billion yen in three-year paper, followed by 57.3 billion yen in five-year notes, 16.1 billion yen in seven-year, 2.7 billion yen in 10-year and 14.2 billion yen in 30-year.
The terms indicate Moody's and S&P Global Ratings will likely assign Aa2 and AA to the issue. The company already carries issuer ratings of Aa2 from Moody's and AA from S&P, both with stable outlooks. A call to a Berkshire general line outside business hours went unanswered. The conversion used was 159.64 yen per dollar.
why it matters
For bond investors the deal shows how a top-rated US conglomerate can tap the yen market, where borrowing costs remain tied to Japanese rates and currency moves. At about $1.1 billion, the size is modest relative to the wider Japanese bond market.
market impact
Yen bond market: a new $1.1 billion supply from a top-rated US issuer, a modest addition.
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sources
- Berkshire Hathaway aims to raise $1.1 billion in yen bond sale, term sheet shows — Reuters, 13 November 2026 at 05:22 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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