source agencies
The Nikkei reported that billionaire Warren Buffett’s company, Berkshire Hathaway, will issue more yen-denominated bonds, indicating more investment in Japanese stocks.
According to the newspaper, the veteran investor’s company is communicating with the Bank of America branch in Japan and Mizuho Securities Trading to subscribe to the bonds.
Part of the money raised will be used to refinance debts due this year.
According to “CNBC,” Berkshire Hathaway is the most prominent foreign issuer of yen-denominated bonds, and has issued them over each of the past three years.
The last time the company issued yen-denominated bonds was in December, during which it raised 115 billion yen, or $870 million.
Refinitiv data revealed that Berkshire Hathaway had outstanding yen-denominated debt worth 1 trillion yen.
