Berkshire Hathaway prices yen bonds totalling $627 million
FILE PHOTO: A screen displays Berkshire Hathaway Inc. on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 4, 2024. REUTERS/Brendan McDermid/File photo
By Miho Uranaka and Sam Nussey
TOKYO (Reuters) - Warren Buffett's Berkshire Hathaway has priced a 6-tranche yen denominated bond totalling 90 billion yen ($626.70 million), according to a term sheet reviewed by Reuters.
The sale comes as debt deals are being shelved because of the fallout from U.S President Donald Trump's tariffs, which investors fear could spark a global recession.
It is the smallest yen-denominated bond sale by Buffett's conglomerate. Tenors ranged from 3 years to 30 years.
Japanese companies including Asahi and Suntory have shelved the sale of yen-denominated bonds because of market turmoil, Reuters has reported.
Berkshire Hathaway has also invested in Japanese trading houses, helping shine a spotlight on a market that has been overlooked by many overseas investors.
($1 = 143.6100 yen)
(Reporting by Miho Uranaka and Sam Nussey; Editing by Jacqueline Wong and Gerry Doyle)
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