It is reported that Berkshire Hathaway, led by Warren Buffett, will decide the conditions for issuing yen-denominated corporate bonds later this week. After the issuance conditions are decided, payments will be completed as early as 1 week or so, and yen funds will be obtained. It is believed that the company also used yen funds obtained by issuing yen-denominated corporate bonds in April to acquire Japanese trading company shares,The view that this fundraising will also be used to invest in Japanese stocksis spreading.
Berkshire issued 5 yen denominated corporate bonds with a term limit of 3 to 30 years in April this year, and raised a total of 164.4 billion yen. The holding ratio of shares of the five major trading companies by Berkshire rose from the 6% range to the 7-8% range in June, and there are many views that the funds raised were used to acquire trading company shares.
This time, corporate bonds denominated in yen will be issued following April. According to Bloomberg and others, it is expected that the issuance period, procurement amount, issuance conditions, etc. will be decided by looking at investor demand from a period of 3 to 30 years similar to the previous one.
Bloomberg on the 8th is”For Mr. Buffett, Japanese stocks may seem undervaluedKato Haruyasu of Asset Management One”...