TOKYO: Warren Buffett’s Berkshire Hathaway Inc kicked off marketing of a multi-tranche yen bond deal yesterday, several months after announcing investments in Japan’s biggest trading companies.
The conglomerate is offering yen notes for a third straight year, after selling 430 billion yen (US$3.89bil or RM16.11bil) of the securities in its inaugural deal in 2019, one of the largest-ever by a foreign issuer in yen. Berkshire Hathaway is marketing a four-part yen debt offering this week that may price on Thursday, according to an email from JPMorgan Chase & Co, one of the bookrunners on the deal.
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