Berkshire Sounds Out Investors for Multi-Tenor Yen Bonds

Berkshire Hathaway Inc. has started sounding out investors for its first yen bond deal this year, after Warren Buffett said the firm was looking to boost its holdings in Japan’s five main trading houses.

The company is considering selling seven tranches including 10-year debt, with early guidance for the spread of those bonds seen at around 80 to 85 basis points over mid-swaps, according to people familiar with the matter. Berkshire in October sold its biggest-ever yen bond since its inaugural offering in 2019.

The potential yen bond deal comes after Buffett’s annual letter to shareholders in February signaled ...