Stock Market News

Berkshire Hathaway raises $1.9 billion in bond deal, term sheet shows

2024.10.09 22:15

By Scott Murdoch

(Reuters) -Warren Buffett’s Berkshire Hathaway (NYSE:) has raised 281.8 billion yen ($1.9 billion) in a seven-tranche yen-denominated bond deal, according to a term sheet reviewed by Reuters on Thursday.

The U.S. investment giant issued bonds with tenors of 3, 5, 7, 10, 20, 28 and 30 years, the term sheet showed.

The 3-year tranche was the largest with 155.4 billion yen raised, ahead of the 5-year bond raising 58 billion yen.

Longer-dated bonds were added during the transaction and a proposed 15-year tranche was dropped, messages sent from the deal’s bookrunners showed.

Final prices for each of the tranches were set at the lower to middle end of the revised price guidance given to investors, the term sheets showed.

The deal was the largest yen-denominated bond issuance for Berkshire Hathaway since its first of the type in 2019.

© Reuters. FILE PHOTO: Berkshire Hathaway logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2023.  REUTERS/Brendan McDermid/File Photo

Berkshire Hathaway said in a U.S. Securities and Exchange Commission filing that the proceeds raised in the deal would be used for general corporate purposes. It did not disclose the size of the deal in the filing.

($1 = 149.1500 yen)



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 97,918.24 4.20%
ethereum
Ethereum (ETH) $ 3,486.05 2.58%
tether
Tether (USDT) $ 0.999188 0.10%
xrp
XRP (XRP) $ 2.29 2.45%
bnb
BNB (BNB) $ 703.56 1.86%
solana
Solana (SOL) $ 198.92 4.38%
dogecoin
Dogecoin (DOGE) $ 0.33246 3.82%
usd-coin
USDC (USDC) $ 0.999797 0.08%
staked-ether
Lido Staked Ether (STETH) $ 3,484.12 2.89%
cardano
Cardano (ADA) $ 0.921949 2.44%
tron
TRON (TRX) $ 0.257017 2.22%
avalanche-2
Avalanche (AVAX) $ 41.08 6.35%
chainlink
Chainlink (LINK) $ 24.83 3.81%
the-open-network
Toncoin (TON) $ 5.84 3.94%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,139.95 2.50%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 3.55%
sui
Sui (SUI) $ 4.58 1.55%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,578.14 4.14%
hedera-hashgraph
Hedera (HBAR) $ 0.310635 4.63%
stellar
Stellar (XLM) $ 0.387708 5.16%
polkadot
Polkadot (DOT) $ 7.43 2.88%
weth
WETH (WETH) $ 3,486.49 2.51%
hyperliquid
Hyperliquid (HYPE) $ 29.34 0.07%
bitcoin-cash
Bitcoin Cash (BCH) $ 463.39 1.61%
leo-token
LEO Token (LEO) $ 9.54 1.43%
uniswap
Uniswap (UNI) $ 14.16 1.89%
litecoin
Litecoin (LTC) $ 108.08 2.34%
pepe
Pepe (PEPE) $ 0.000019 4.00%
bitget-token
Bitget Token (BGB) $ 5.34 16.36%
near
NEAR Protocol (NEAR) $ 5.54 2.11%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,683.29 2.73%
ethena-usde
Ethena USDe (USDE) $ 0.998993 0.17%
aave
Aave (AAVE) $ 376.16 0.71%
internet-computer
Internet Computer (ICP) $ 11.39 6.62%
aptos
Aptos (APT) $ 9.73 3.17%
usds
USDS (USDS) $ 0.999973 0.35%
crypto-com-chain
Cronos (CRO) $ 0.160678 0.22%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.518105 3.00%
vechain
VeChain (VET) $ 0.052286 10.01%
mantle
Mantle (MNT) $ 1.23 3.41%
ethereum-classic
Ethereum Classic (ETC) $ 27.51 1.90%
render-token
Render (RENDER) $ 7.73 0.50%
bittensor
Bittensor (TAO) $ 502.79 1.82%
monero
Monero (XMR) $ 195.89 4.29%
mantra-dao
MANTRA (OM) $ 3.78 1.06%
whitebit
WhiteBIT Coin (WBT) $ 24.86 2.16%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.37 1.26%
dai
Dai (DAI) $ 0.999835 0.11%
arbitrum
Arbitrum (ARB) $ 0.805268 1.27%
filecoin
Filecoin (FIL) $ 5.36 4.46%