Subject: Midamerican Energy Bonds
I was surprised to see Midamerican Energy March 2054 bonds selling for around a 5.7% yield on the secondary market. It seems these originally sold with a 5.85% yield. It's very significantly higher than the rates Berkshire pays at the parent level.
I guess they're tempting if anyone is looking for longterm bonds, but it's a little concerning that they have to pay so much.