Berkshire Hathaway goes 30-year fixed on $1B in debt
Seeking Alpha
Published Jan 03, 2019 09:33AM ET
Berkshire Hathaway goes 30-year fixed on $1B in debt
- The corporate finance department (The Oracle (NYSE:ORCL) himself?) at Berkshire Hathaway (NYSE:BRKa) (BRK.A, BRK.B) might be thinking rates at the long end of the curve are bottoming out.
- The company today is refinancing just shy of $1B of floating rate notes due this month into 30-year fixed paper, according to Bloomberg. The deal is seen pricing at 150-155 basis points above the benchmark.
- The 30-year Treasury yield continues at about a one-year low of 2.64%.
- ETFs: TLT, TBT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, UBT, SPTL, DLBS, VUSTX, TYBS, DLBL-OLD, OPER
- Now read: The Hit To Berkshire Hathaway's Book Value And The Implications For Buffett's Buybacks
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