Author Topic: Berkshire Euro-bond issue?  (Read 3567 times)

Zorrofan

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HJ

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Re: Berkshire Euro-bond issue?
« Reply #1 on: March 04, 2015, 06:06:08 AM »
Make sense.  Hope it's a negative yielder.

peter1234

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Re: Berkshire Euro-bond issue?
« Reply #2 on: March 04, 2015, 08:35:36 AM »
How many billions?
 :)

Charlie

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Jurgis

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Re: Berkshire Euro-bond issue?
« Reply #4 on: March 05, 2015, 08:49:10 AM »
I really want to sell 20 year $3B bond at 1.68%. Where can I apply?  ;D
"Before you can be rich, you must be poor." - Nef Anyo
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Zorrofan

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Re: Berkshire Euro-bond issue?
« Reply #5 on: March 05, 2015, 08:52:53 AM »
This might be a cheap source of funding for another acquisition in Europe??

cheers
Zorro

gfp

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Re: Berkshire Euro-bond issue?
« Reply #6 on: March 05, 2015, 08:55:53 AM »
He said he didn't have a European acquisition at this time to use it for, and that he planned to change it into dollars - but would be perfectly happy to find something and change it back into Euros.  I would certainly leave 400 million in Euros and pay for the entire Motorcycle supplies company with it though.

It does seem like he may have a potential large acquisition in the works.  He said he sold XOM because he had another use for the money.  The way he was saying DE will have a tough next couple years made me hope he bids for the entire company.  Would certainly make Howie's day..

Mephistopheles

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Re: Berkshire Euro-bond issue?
« Reply #7 on: March 05, 2015, 09:07:51 AM »
He said he didn't have a European acquisition at this time to use it for, and that he planned to change it into dollars - but would be perfectly happy to find something and change it back into Euros.  I would certainly leave 400 million in Euros and pay for the entire Motorcycle supplies company with it though.

It does seem like he may have a potential large acquisition in the works.  He said he sold XOM because he had another use for the money.  The way he was saying DE will have a tough next couple years made me hope he bids for the entire company.  Would certainly make Howie's day..

Where did he say that, on Squawk Box?

I'm surprised because a) the Euro has come down quite a bit and b) he once was asked about doing exactly this in Japan but said he wouldn't want to take currency risk, so if he borrowed in yen he'd want to invest in yen.

gfp

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Re: Berkshire Euro-bond issue?
« Reply #8 on: March 05, 2015, 09:22:35 AM »
I think I read it in the WSJ.  This isn't the exact article I read, but it echoes the comment -

http://www.wsj.com/articles/gdf-suez-issues-zero-coupon-bond-1425486189

"The Omaha, Neb., conglomerate is looking for acquisitions in Europe, but Mr. Buffett has yet to find a deal he likes. In the meantime, the company will convert the euros to dollars and pocket the cash until it is ready to buy, the person added."

Mephistopheles

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Re: Berkshire Euro-bond issue?
« Reply #9 on: March 05, 2015, 09:28:18 AM »
I think I read it in the WSJ.  This isn't the exact article I read, but it echoes the comment -

http://www.wsj.com/articles/gdf-suez-issues-zero-coupon-bond-1425486189

"The Omaha, Neb., conglomerate is looking for acquisitions in Europe, but Mr. Buffett has yet to find a deal he likes. In the meantime, the company will convert the euros to dollars and pocket the cash until it is ready to buy, the person added."

Interesting..thanks.