Buffett's Berkshire Hathaway plans first eurobond

Warren Buffett's Berkshire Hathaway is looking to issue its first ever euro-denominated bond, according to reports.

Buffett (pictured) has hired four banks - Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs, and Wells Fargo - to look at the potential bond issue, the Financial Times reports. This will be a first for the US-based company, as it joins others taking advantage of the low-cost debt available in Europe ahead of the QE programme launching this month. In November, Apple sold €2.8bn worth of bonds in Europe in a bid to avoid paying US repatriation tax on its overseas cash reserves, and other firms have followed suit. Investor demand for eurozone debt soared at the start of the ...