Buffett’s bonds for sale

City A.M. Reporter
BILLIONAIRE investor Warren Buffett bolted in to 2011, with the first major offering for the year coming from his investment holding company.

Berkshire Hathaway yesterday offered $1.5bn of three-year and 10-year senior unsecured notes.

Buffett, a giant in the investment world who is known as “The Sage Of Omaha”, will guarantee the debt via Berkshire Hathaway.

The offering consists of three-year fixed and floating-rate notes, while the 10-year piece has a fixed rate, according to a Securities and Exchange Commission filing.

Goldman Sachs, JPMorgan Chase and Wells Fargo are managing the bond sale.

Last January, Buffett’s financing vehicle Berkshire Hathaway Finance came to market with a $1bn sale, which like yesterday’s offer was also split into 25 per cent floating-rate notes and 75 per cent fixed notes.