Bonds
Berkshire Yen Bond Deal Is Its Smallest Ever Amid Trade War
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Berkshire Hathaway Inc. sold ¥90 billion ($628 million) of bonds on Friday in its smallest yen deal ever in a market rocked by an escalating trade war.
All six tranches in the offering by Warren Buffett’s firm, ranging from three years to 30 years, offered higher premiums than the previous yen note sale in October. Three-year notes, the biggest part of the offering today, had a spread of 70 basis points compared with 49 basis points in the prior sale.