Buffett's Berkshire Hathaway plans more yen-denominated bonds

Share prices rise for Japanese trading houses likely to receive investment

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Berkshire Hathaway, led by Warren Buffett, has issued yen-denominated bonds every year since 2019, issuing them twice a year since 2022. © Reuters

YUKI OKOSHI, Nikkei staff writer

TOKYO -- Warren Buffett-led U.S. investment company Berkshire Hathaway is preparing to issue yen-denominated bonds, it was revealed on Tuesday, boosting shares of Japanese trading houses on speculation that the funds raised would be used to buy more of their stock.

BofA Securities and Mizuho Securities USA were named as lead managers. This would be Berkshire's first yen bond issuance since April and its ninth overall.

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