Berkshire Sells ¥263.3 Billion of Bonds With Tighter Spreads (1)

Warren Buffett’s Berkshire Hathaway Inc. priced ¥263.3 billion ($1.71 billion) of yen bonds at lower premiums than deals over the past two years as concern eases in the credit market that the Bank of Japan will raise interest rates again soon.

It’s the veteran investor’s largest yen bond since Berkshire debuted in the market in 2019, data compiled by Bloomberg show. The offering included notes across seven tranches, ranging from three years to 30 years, and is one of the biggest yen deals by an overseas issuer since the BOJ scrapped the world’s last negative interest-rate regime last month.

The ...