Berkshire Hathaway aims to raise $1.1 billion in yen bond sale, term sheet shows
Berkshire Hathaway is seeking to raise 182.3 billion yen ($1.14 billion) through a five-part Japanese yen bond sale, with maturities ranging from three to 30 years. The bonds are due to settle on November 19.
1. Bond sale details
The sale comprises senior unsecured bonds with maturities of three, five, seven, 10 and 30 years. It includes 92 billion yen of three-year bonds, 57.3 billion yen of five-year bonds, 16.1 billion yen of seven-year bonds, 2.7 billion yen of 10-year bonds and 14.2 billion yen of 30-year bonds.
2. Expected ratings
The bonds are expected to be rated Aa2 by Moody’s and AA by S&P Global Ratings. Berkshire has issuer ratings of Aa2 and AA from those agencies, respectively, both with stable outlooks.
