Buffett Starts Marketing First Yen Bond Under New BOJ Governor
- Berkshire offering wider spreads than yen issuance late 2022
- Billionaire is weighing more Japan investments, Nikkei reports
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Billionaire investor Warren Buffett’s Berkshire Hathaway Inc. started marketing bonds in the Japanese currency, putting it on course to add to more than 1 trillion yen ($7.5 billion) of such issuance in recent years.
The US conglomerate is offering yen bonds across seven tranches in a transaction that may price as early as April 14, according to a person familiar with the matter. Berkshire Hathaway is the first major overseas debt issuer to kick off a yen deal under new Bank of Japan Governor Kazuo Ueda, who signaled at his inaugural press conference Monday that any significant policy changes may be unlikely for the time being.