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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: DTB ✭  😊 😞
Number: of 15062 
Subject: Re: BRK borrowing Yen again
Date: 04/26/2024 3:16 PM
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Don't you just love it when you sell a bunch of 1% Yen bonds and the JPY plunges by 1.33% the next day?

Yes, every time I issue a few billion Usd worth of Japanese bonds, I feel great.

But seriously, what’s happening here? Berkshire did a similar bond issue 2 years ago, January 2022, to finance the Japanese trading house investments. Now we bought more Japanese bonds? Or is this just an update of the previous deal? It seems like the bonds mentioned today have the same terms as the ones sold in 2022. So I’m not sure this is anything new.

As for currency moves, I believe they would affect both the value of the bonds issued and the cash received for them, so that may be a wash.
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