The Fed bought debt in Warren Buffett's Berkshire Hathaway, Coca-Cola, Walmart, and McDonald's in its first spree of corporate bond-buying

Reuters

• The Federal Reserve spent $428 million buying debt in individual companies in the first wave of its corporate bond-buying programme, data released Sunday showed.
• It bought the corporate bonds in households names such as Walmart, Coca-Cola, McDonald's, and Warren Buffett's Berkshire Hathaway, the data showed.
• The Fed spent $5.7 million on debt in Berkshire Hathaway Energy, a subsidiary of Buffett's conglomerate.
• $6.8 billion worth of corporate debt ETFs were also bought by the Fed, with the central bank pouring $1.8 billion into a single ETF.
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The Fed bought $428 million worth of corporate bonds in its first foray into company debt as part of its response to the coronavirus, snapping up debt in household names like Coca-Cola, AT&T, and Berkshire Hathaway in the process.

A transaction list disclosed Sunday shows the Fed's first round of company bond purchases, showing that the central bank bought debt in some 86 different companies as it fights to keep corporate America afloat amid an unprecedented economic shutdown.

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