Warren Buffett’s Berkshire Hathaway to issue yen bonds: Report – Berkshire Hathaway Inc. Common Stock (NYSE: BRK/A), Berkshire Hathaway Inc. New Common Stock (NYSE: BRK/B)

Warren Buffett‘S Berkshire Hathaway Inc Prohibit: Prohibit: The money has reportedly been raised by a bond issue of 164.4 billion yen ($1.2 billion) on Friday, just days after the billionaire investor said He increased his stake in Japanese business houses.

What happened: The company’s five-part bond deal included notes of up to three years, while the longest tenor note maturing in 2053, a Bloomberg reports Said.

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The issuer said in a filing earlier this month that the proceeds from the bond issue will be used for general corporate purposes, including refinancing certain debt.

Berkshire is one of the largest foreign issuers of yen debt. It attracted investors with strong credit ratings Moody’s Investors Service And S&P Global Ratings The report said that the credit appraisers give to the Japanese sovereign.

Japan Bets: Shares of Japan’s major business houses rose after Tuesday Buffett told the Nikkei newspaper According to the report, Berkshire increased its holding in them from about 5% to 7.4% in 2020. He had said, “We will be in these stocks for 10-20 years.”

In an appearance on CNBC’s Squawk Box on Wednesday, he elaborated on the reasoning behind his Japanese bet.

“I was obsessed with the fact that we could buy into these companies and actually have an earnings yield, maybe 14% or something like that, with dividends… 70% growth during that time and people quarter percent Or were investing money. Nothing, and then quarter percent, if they put it out there for a year, it wasn’t going to grow,” the billionaire said.

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