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Meta plans to issue six parts of US dollar bonds to cope with the surge in AI spending.
According to Jin10 data on October 30, Meta Platforms (META.O) has begun to market a dollar bond issuance that can be divided into up to six parts, raising funds amid a surge in artificial intelligence spending. A source familiar with the matter revealed that the bonds in this issuance have maturities ranging from 5 to 40 years. The initial pricing for the 40-year bonds is approximately 1.4 percentage points higher than U.S. Treasuries. The funds raised will be used for general corporate purposes. Citigroup and Morgan Stanley are responsible for managing this bond issuance.