lol well not stock bonds instead
Berkshire Hathaway Priming $8B 4-Part Debt Deal For Sale 02/04 08:28 AM
NEW YORK (Dow Jones)--Berkshire Hathaway Inc. (BRK/A:$111,700.00,00$-1,100.00,00-0.98%) (BRKA, BRKB), Warren Buffett's investment holding company, is selling a massive $8 billion debt offering on Thursday.
The issue will include one-year floating-rate notes and five-year fixed-rate notes. In addition, the company will offer two- and three-year fixed or floating-rate notes or both.
The senior note jumbo is expected to be priced on Thursday via joint lead managers J.P. Morgan Chase and Wells Fargo Inc.
The offering has been rated Aa2 by Moody's Investors Service and AAA by Standard & Poor's.
Proceeds will be used for general corporate purposes.
Kraft Foods Inc. (KFT:$28.48,00$-0.02,00-0.07%) is also preparing a jumbo multi-tranche bond offering for sale on Thursday. The four-part issue is expected to be in the $5 to $8 billion range.
-By Kellie Geressy-Nilsen, Dow Jones Newswires; 212-416-2225; kellie.geressy@ dowjones.com
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(END) Dow Jones Newswires
02-04-100828ET
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AI
