Rumor has it that Berkshire Hathaway (BRK.A.US) is preparing to issue Japanese yen bonds to hire Mizuho and Bank of America Securities

The Zhitong Finance App learned that according to media sources, Berkshire Hathaway (BRK.A.US), a subsidiary of “stock god” Buffett, has hired Mizuho Securities and Bank of America Securities to prepare to issue Japanese yen bonds. The report indicated that the company is expected to issue Japanese yen bonds in the near future.

It was reported that Berkshire was issuing Japanese yen bonds at a time when the number of corporate bonds issued in Japan surged in October, and the credit spread between corporate bonds and government bonds widened. According to media data, as of November 6, the credit spread between corporate bonds and government bonds in Japan was about 52 basis points, a slight increase from nearly 48 basis points at the end of September.

According to reports, Berkshire issued 6 batches of yen bonds in April of this year, with maturities ranging from 3 to 30 years, totaling 272.3 billion yen (about 1.7 billion US dollars). This is Berkshire's largest Japanese yen bond issuance operation. However, in the past, the company has maintained the rhythm of issuing yen bonds twice a year.

Berkshire Hathaway announced its third quarter results earlier. Net profit for the third quarter plummeted by about 28% year on year to US$22.112 billion; by the end of the third quarter, cash holdings reached US$377.4 billion, an increase of 3% over the quarter.