Warren Buffett’s Berkshire Hathaway Inc. plans to sell yen-denominated corporate bonds for the second time this year, according to lead underwriter Mizuho Securities Co.
The company is considering issuing the bonds in the near future, and sales will be limited to qualified institutional investors in Japan, according Mizuho, which said that itself and BofA Securities Japan Co. will manage the sale.
Berkshire issued yen-denominated bonds in April, totaling ¥164.4 billion ($1.1 billion) in five tenors. That was the same month Buffett visited Japan to meet with executives of trading companies.
Buffett in June announced that he had increased his holdings of stocks of firms including Mitsubishi Corp. and Itochu Corp., which lifted sentiment for the entire Japanese share market, helping raise the nations equities to a 33-year high.
