Buffett's Omaha-based conglomerate priced new Japanese bonds worth $1.7 billion, sparking speculation that he could be hunting for more stocks overseas.
Warren Buffett 's Berkshire Hathaway has made billions of dollars from its big investments in Japan , and the Oracle of Omaha's love for the land of the rising sun is only growing deeper. The Omaha-based conglomerate priced 263.3 billion Japan ese yen of bonds worth $1.7 billion, marking one of its biggest yen bond sales, according to a regulatory filing released Thursday. Issuing Japan ese debt has allowed Berkshire to take out the currency risk when buying stocks overseas.
Since the current stakes are close to his limit, the new bond sale sparked speculation that Buffett could be looking to buy new stocks in Japan. The seven-tranche bond deal offers coupons ranging from 0.974% to 2.498%, according to the filing. Meanwhile, the five Japanese trading companies are all dividend payers, yielding from 1% to more than 3%. Essentially, Buffett is able to pocket the difference between dividends from the investments and the bond coupon payments he pays out.
Stock Markets Warren Buffett Berkshire Hathaway Inc Japan Business News
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