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Berkshire Hathaway Issues $1 Billion Debt

Berkshire Hathaway Finance raises $1 billion in a two-part note sale.

Berkshire Hathaway Finance has raised $1 billion in a two-part note sale, Reuters reports. The notes were backed by parent, Berkshire Hathaway. The first tranche of $250 million senior unsecured notes, maturing on Jan. 13, 2012, were sold at a spread of 12.5 basis points.

The second tranche of $750 million senior notes, maturing on Jan. 15, 2040, were sold at a spread of 115 basis points, offering a coupon rate of 5.75 percent. The sole bookrunning underwriter on the sale was JP Morgan.

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