LONDON — Warren Buffett’s Berkshire Hathaway is offering 3 billion euro ($3.3 billion) of bonds in its first sale in the single currency.
Berkshire Hathaway is selling eight-, 12- and 20-year bonds, according to a person familiar with the matter who asked not to be identified because they’re not authorized to speak publicly. The company joins home-appliance maker Whirlpool Corp., which is offering 500 million euro of securities, a separate person said.
The sale follows deals in the currency by Coca-Cola Co. and Mondelez International Inc. that swelled issuance from American firms to a record 14.6 billion euro last week. U.S. borrowers have raised 28 billion euro this year, the most for the period since 2007, data compiled by Bloomberg show.
“We’re going to see lots more U.S. companies in the market,” said Thomas Kristiansson, head of credit fixed-income at SEB AB in Stockholm. “A few years ago, it was expensive for companies to issue here so they stayed away, and now they’re doing the opposite.”
