Meta draws record orders for debut euro bond sale, Bloomberg News reports
Meta draws record orders for debut euro bond sale, Bloomberg News reports Nov 4 (Reuters) - Meta Platforms META.O received a record €53 billion ($59.52 billion) in investor orders for its debut euro-denominated bond sale, Bloomberg News reported on Wednesday, citing data compiled by the news agency.
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
($1 = 0.8905 euros)
(Reporting by Anzar Mehraj in Bengaluru; Editing by Tasim Zahid)
((Anzar.Mehraj@thomsonreuters.com;))
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