Berkshire Hathaway Plans $1.14 Billion Yen Bond Sale in Five Tranches

Berkshire Hathaway plans to raise ¥182.3 billion ($1.14 billion) through a five-tranche yen bond sale, according to a term sheet reviewed by media on Friday. According to Sina Finance, the U.S. conglomerate will issue senior unsecured bonds with maturities of 3, 5, 7, 10 and 30 years, scheduled to settle on November 19. The sale includes ¥92 billion of three-year bonds, ¥57.3 billion of five-year bonds, ¥16.1 billion of seven-year bonds, ¥2.7 billion of 10-year bonds and ¥14.2 billion of 30-year bonds. The bonds are expected to receive ratings of Aa2 from Moody’s and AA from S&P Global Ratings. Berkshire currently has issuer ratings of Aa2 from Moody’s and AA from S&P, both with stable outlooks.