Berkshire Hathaway is getting ready to sell more Japanese Yen bonds - SEC filing draft prospectus
u/NoDontClickOnThat ·
Reddit — r/ValueInvesting
· April 02, 2026 at 14:29
· ⬆ 15 pts
· 💬 4 comments
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Summary
The post highlights a Berkshire Hathaway SEC filing draft for issuing more Japanese Yen bonds.
The author's thesis is that this bond issuance is likely for refinancing existing debt (¥268.3B maturing in 2026) and covering interest payments (¥20.4B this year), not necessarily a signal for new Japanese asset purchases.
Quality assessment: Well-researched, data-driven observation. The author provides specific figures and references primary SEC documents, indicating diligent tracking.
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[https://www.sec.gov/Archives/edgar/data/1067983/000119312526138654/d81172d424b5.htm](https://www.sec.gov/Archives/edgar/data/1067983/000119312526138654/d81172d424b5.htm)
The draft prospectus is followed by the prospectus, which details the amounts and terms. Once the sales are completed, they file a form with the actual results of the sales.
Beware of thinking that this is a signal of impending purchases of more Japanese assets, it might not be. I've been tracking BRK's Japanese Yen activities from its inception and, right now, they have ¥268,300,000,000 in notes that mature in 2026. Also, right now, they'll pay ¥20,409,133,500 in interest this year on all of the yen notes outstanding.