Berkshire Hathaway seeks to raise $1.14 billion through Japanese Yen bond sale

Berkshire Hathaway is seeking to raise 182.3 billion yen ($1.14 billion) through a five-part Japanese yen bond sale, Reuters reported on Friday, citing a term sheet reviewed by the news agency.

The US conglomerate is offering senior unsecured bonds across five maturities of three, five, seven, 10 and 30 years. The bonds are scheduled to settle on November 19, according to the Reuters-reviewed term sheet.

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The planned issuance comprises 92 billion yen of three-year bonds, 57.3 billion yen of five-year notes, 16.1 billion yen of seven-year securities, 2.7 billion yen of 10-year bonds and 14.2 billion yen of 30-year debt.

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The bonds are expected to receive ratings of Aa2 from Moody's and AA from S&P Global Ratings, the term sheet showed. Berkshire Hathaway currently holds the same issuer ratings from both agencies, with stable outlooks.

(Disclaimer: This article is based on inputs from agencies. These do not represent the views of The Economic Times.)