As the European Central Bank embarked on quantitative easing in the first quarter, a number of U.S. companies, including Berkshire Hathaway, Coca-Cola and Kinder Morgan, took advantage of lower interest rates in Europe by issuing euro-denominated debt.

"The lower interest rates and lower borrowing costs in Europe are a benefit to companies," said Sean Simko, managing director and head of global fixed income management at SEI.

According to research firm Dealogic, 25 U.S. companies sold euro-denominated bond issues totaling $30.9 billion in the first quarter. That's up from the $10.1 billion worth of euro-denominated bonds sold by nine U.S. companies during the first quarter of 2014.

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Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.