Kraft Foods and Warren Buffett’s Berkshire Hathaway sold a total of $17.5bn in bonds on Thursday to finance acquisitions despite financial market turmoil. Berkshire raised $8bn in staggered maturities of up to five years to help fund its purchase of railroad Burlington Northern, even as the move cost Berkshire its only remaining triple A credit rating, as S&P cut its rating to double A plus. Kraft meanwhile expanded its planned $4bn four-part bond sale to $9.5bn.

This entry was posted by Gwen Robinson on Friday, February 5th, 2010 at 5:40 and is featured in The 6am Cut London (5 Feb 2010) . Tagged with BNSF, kraft, warren buffett. Edit this entry.