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.
City A.M. Reporter