Finance1 min read

Meta draws record orders for debut euro bond sale, Bloomberg News reports

By · Published by Everything Blog

In short

The company is seeking to raise as much as €9 billion through this new issuance, which is being managed by Citigroup and Morgan Stanley. Structured across six parts, the maturities for the European debt range from just over four years to more than 38 years. This market activity closely follows a $15 billion, five-part bond transaction completed in the United States on Tuesday. Additionally, the debt offering arrives shortly after the tech giant expanded plans for a potential $97.5 billion equity raise.

Key points

  • Proceeds from the debt sale will help fund the company's extensive investments in artific…: Proceeds from the debt sale will help fund the company's extensive investments in artificial intelligence infrastructure.
  • Investment banks Citigroup and Morgan Stanley are managing the multi-part euro-denominate…: Investment banks Citigroup and Morgan Stanley are managing the multi-part euro-denominated bond transaction.
  • The tech giant entered the market with total debt standing at $83.67 billion as of Septem…: The tech giant entered the market with total debt standing at $83.67 billion as of September 30.

Sources checked by our analysis pipeline: 1

The offering comes as technology companies increasingly turn to debt markets to help finance large-scale investments in AI infrastructure.

Here are more details:

* Meta is seeking to raise as much as €9 billion from the euro offering, Bloomberg added

* Meta's euro sale follows its $15 billion five-part US bond offering on Tuesday

* The euro debt is being offered in six parts. with maturities ranging from just over four years to more than 38 years, the report said, citing a person familiar with the matter

* Citigroup and Morgan Stanley are managing the euro bond transaction, which is expected to price later on Wednesday, the report added

* Meta's total debt stood at $83.67 billion as of September 30, according to data compiled by LSEG

* The debt sale comes days after Meta expanded plans for what could become a $97.5 billion equity raise.

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