Berkshire Plans New Yen Bond Sale in Boost to Trading Houses
- Buffett’s firm hires managers for yen deal in global markets
- Trading firms extend gains, outperforming broader Topix index
Warre Buffett
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Warren Buffett’s Berkshire Hathaway Inc. is planning its second yen bond sale this year, fueling gains in trading houses on speculation it’s looking to boost investments in Japan.
Berkshire hired BofA Securities Inc. and Mizuho Securities Co. for a potential benchmark yen-denominated senior unsecured bond offering in the global market. The company is a regular issuer of yen bonds and last sold such debt in April, in the firm’s largest such deal since it first tapped the market in 2019.