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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: nola622 ✶🐝  😊 😞
Number: of 15068 
Subject: More JPY bonds
Date: 04/05/2023 9:36 AM
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No. of Recommendations: 3
Preliminary offering doc showing Berkshire is about to tap the Yen bond market again. No size or terms yet -

https://www.sec.gov/Archives/edgar/data/1067983/00...
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Author: WEBspired ✭  😊 😞
Number: of 15068 
Subject: Re: More JPY bonds
Date: 04/05/2023 10:39 AM
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No. of Recommendations: 5
Excellent! Reminds me of the great Dire Straits song & video from my youth, 'Money for Nothing'
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Author: nola622 ✶🐝  😊 😞
Number: of 15068 
Subject: Re: More JPY bonds
Date: 04/10/2023 1:15 AM
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No. of Recommendations: 1
Bloomberg on early indications from the marketing process -
https://finance.yahoo.com/news/berkshire-hathaway-...
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Author: nola622 ✶🐝  😊 😞
Number: of 15068 
Subject: Re: More JPY bonds
Date: 04/14/2023 10:20 AM
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No. of Recommendations: 8
Free article from Bloomberg on the results of the most recent Yen denominated bond sale by BRK:

https://www.bnnbloomberg.ca/warren-buffett-s-berks...
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Author: nola622 ✶🐝  😊 😞
Number: of 15068 
Subject: Re: More JPY bonds
Date: 04/14/2023 10:49 AM
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No. of Recommendations: 2
"Berkshire lured yen bond investors with stronger credit ratings from Moody's Investors Service and S&P Global Ratings than the credit assessors give to the Japanese sovereign."

I will never understand the lunacy of awarding a corporate borrower a higher credit rating than the sovereign currency issuer who can create yen with a keystroke.
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Author: WEBspired ✭  😊 😞
Number: of 15068 
Subject: Re: More JPY bonds
Date: 04/14/2023 10:52 AM
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No. of Recommendations: 0
'The firm's five-year note priced to yield 1.135%, according to an email from Mizuho Securities Co., one of joint book-runners on deal.'

Wow! Remind me to never negotiate or lend to Warren or Greg. Glad we are on the same side of the table!
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Author: nola622 ✶🐝  😊 😞
Number: of 15068 
Subject: Re: More JPY bonds
Date: 04/14/2023 11:01 AM
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No. of Recommendations: 6
Securities registered pursuant to Section 12(b) of the Act:

0.750% Senior Notes due 2023
1.300% Senior Notes due 2024
0.000% Senior Notes due 2025
1.125% Senior Notes due 2027
2.150% Senior Notes due 2028
1.500% Senior Notes due 2030
2.000% Senior Notes due 2034
1.625% Senior Notes due 2035
2.375% Senior Notes due 2039
0.500% Senior Notes due 2041
2.625% Senior Notes due 2059

These are from the 10-K and don't include subsidiary debt or the just-sold JPY bonds, but BRK parent company's debt structure is a thing of beauty.
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Author: nola622 ✶🐝  😊 😞
Number: of 15068 
Subject: Re: More JPY bonds
Date: 04/18/2023 10:04 AM
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No. of Recommendations: 2
Final details on the JPY bond offering. They heavily favored the less expensive, shorter maturities -

https://www.sec.gov/Archives/edgar/data/1067983/00...
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