Friday, November 15, 2024

Berkshire Hathaway raises $1.9 billion in bond deal, term sheet shows

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By Scott Murdoch

(Reuters) – Warren Buffet’s Berkshire Hathaway has raised 281.8 billion yen ($1.9 billion) in a seven-tranche yen-denominated bond deal, according to a term sheet reviewed by Reuters on Thursday.

The U.S. investment giant issued bonds with tenures of 3, 5, 7, 10, 20, 28 and 30 years, the term sheet showed.

The 3-year tranche was the largest with 155.4 billion yen raised, ahead of the 5-year bond raising 58 billion yen.

($1 = 149.1500 yen)

(Reporting by Scott Murdoch in Sydney; Editing by Jamie Freed and Jacqueline Wong)

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