Berkshire Raises $1.5B In Bond Sale

Berkshire Hathaway Finance has raised $1.5 billion through a three-part note sale, The Wall Street Journal reports. The first tranche of $375 million notes, maturing on January 10, 2014, carries a coupon rate of 1.5%, while the second tranche of $750 million notes, maturing on January 15, 2021, carries a coupon rate of 4.25%.

The third tranche of $375 million floating-rate notes will mature on January 10, 2014. The joint book-running managers on the sale were Goldman Sachs, JP Morgan and Wells FargoSecurities.

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