By Christian Baumgaertel
March 13 (Bloomberg) -- Swiss Reinsurance Co. will pay 12 percent interest per year on Warren Buffett’s 3 billion Swiss- franc ($2.5 billion) investment, it said today on its Web site.
The bond may be converted into Swiss Re shares after three years and would give Buffett’s Berkshire Hathaway Inc. a 25 percent stake, based on today’s share price.
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