Berkshire Hathaway Secures $1.9 Billion in Yen-Denominated Bond Offering
Asianfin--Warren Buffett's Berkshire Hathaway has raised 281.8 billion yen (approximately $1.9 billion) through a seven-tranche yen-denominated bond deal, according to a term sheet reviewed by Reuters on Thursday.
The bond issuance includes maturities of 3, 5, 7, 10, 20, 28, and 30 years. The largest tranche was the 3-year bond, which raised 155.4 billion yen, followed by the 5-year bond that secured 58 billion yen.
During the transaction, longer-dated bonds were introduced, while a proposed 15-year tranche was ultimately removed, as indicated in messages from the deal's bookrunners.
Final pricing for each tranche was set at the lower to middle end of the revised guidance provided to investors, according to the term sheets.
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