这次债券发行包括七期，期限从3年到30年不等。除了3年期的部分外，其它期限的债券都比4月份的日元债券发行提供了更高的溢价。Warren Buffett once again made a big move to issue bonds to prepare for "ammunition", with analysts speculating that the "stock god" may buy banks, insurance, shipping, and other value stocks this time.
After buying the five major trading companies to boost Japanese stocks to a new high, Buffett once again made a big move to issue bonds to prepare for more 'ammunition', and the market closely watches which stocks the stock god may buy.
On Thursday, $Berkshire Hathaway-A (BRK.A.US)$and$Berkshire Hathaway-B (BRK.B.US)$ issued a multi-tranche bond worth 281.8 billion Japanese yen (approximately 1.89 billion US dollars), marking the largest yen bond deal since the company's first issuance in 2019.
This bond issue includes seven tranches with maturities ranging from 3 years to 30 years. Except for the 3-year portion, the bonds with other maturities offered higher premiums than the yen bond issuance in April.
This issuance also makes Berkshire Hathaway the largest foreign yen bond issuer this year, raising a total of 545.1 billion yen.
Asset Management One Co fund manager Haruyasu Kato stated: "The company's ability to raise so much funds in a year demonstrates investors' confidence in Berkshire. This transaction also indicates strong demand from Japanese investors for high yield bonds."
Most of Berkshire's investments in Japanese companies are financed through issuing yen bonds. Earlier this year, Buffett's investments in Japan's five major trading companies drove the Nikkei 225 index to record highs.
The market is watching the stocks Buffett may purchase, with analysts speculating that the "Stock God" may buy value stocks such as banks, insurance, and shipping.
Nomura analysis believes that Buffett is more likely to buy financial stocks, especially after Japanese banks raise interest rates, which would help improve industry profit margins. Companies like Mitsubishi UFJ Financial Group, Sumitomo Mitsui Trust Holdings, align with Berkshire's investment portfolio characteristics.
Daiwa Securities believes that insurance and shipping companies could be Buffett's next choice. Shipping and insurance companies have led the TOPIX index since August, potentially fitting Buffett's value investment strategy.
Editor/Somer
