Berkshire Issues ¥182.3 Billion in Japan as Borrowing Costs Rise

Berkshire Hathaway has issued ¥182.3 billion (approximately $1.1 billion) in bonds in Japan, with financing costs rising compared to April. The bond issuance is divided into five maturity tranches, ranging from 3 to 30 years. The 5-year bonds are priced at TONA mid-swap rate plus 75 basis points, the 10-year bonds at plus 90 basis points, and the 30-year bonds at plus 105 basis points. The corresponding coupon rates are 3.007%, 3.661%, and 4.571%, respectively. Compared to the issuance in April, the spreads for the 5-year, 10-year, and 30-year bonds have widened from 70 basis points, 90 basis points, and 100 basis points to the current levels.

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