Berkshire Hathaway Finance sells $2 bln of notes-source

NEW YORK Tue Jan 8, 2008 5:19pm EST

Related Topics

NEW YORK Jan 8 (Reuters) - Berkshire Hathaway Finance, a unit of Berkshire Hathaway (BRKa.N), sold on Tuesday $2 billion of notes in two parts in the 144a private placement market, said a source familiar with the deal.

The sale consisted of $1.5 billion in three-year floating-rate notes with a coupon rate of 0.30 percentage point more than the three-month London interbank offered rate, or LIBOR.

The sale also included $500 million of five-year notes priced to yield 1.35 percentage points more than U.S. Treasuries.

The sole lead manager was Goldman Sachs, the source said. (Reporting by Pam Niimi)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.