An amount worth USD3 billion through a five bond offer was done by Mars Inc's Wm Wrigley Jr Co. This was made possible after the redemption of debt held by Berkshire Hathaway.

The manufacturer of Juicy Fruit and Altoids had sold USD400 million of three year maturity securities at 1.4% each. The yield for the bonds are at 80 basis points than Treasuries and the 2% four year debt at a yield of 65 basis points. The figures were confirmed by data collated by Bloomberg.

The company further issued USD550 million five year notes at 2.4% with a 105 basis points spread, a USD750 million at 2.9% for six years debt instruments at 156 basis points. The third debt issue  is a USD900 million 3.75% bond with a maturity of seven years with a yield of 135 basis points.

Furthermore, the company is seeking to finalize USD2.65 billion worth of loans in order to refinance its existing debt pile. Earlier this month, Mars had retired the bond maturing on October 1 from Warren Buffeett when it helped finance the USD23 billion takeover of Wrigley by Mars Inc.