Meta receives record orders for debut euro bond sale
The technology company is seeking to raise up to €9 billion through a six-part offering with various maturity dates.
Meta Platforms received a record €53 billion ($59.52 billion) in investor orders for its first euro-denominated bond sale, according to a Bloomberg News report cited by the Economic Times on Wednesday.
The company is looking to raise as much as €9 billion from this euro offering. This follows a $15 billion five-part US bond offering conducted on Tuesday.
The euro debt consists of six parts with maturities spanning from slightly more than four years to over 38 years. Citigroup and Morgan Stanley are managing the transaction.
The pricing for the euro bonds is expected to occur later on Wednesday. This debt sale comes days after Meta expanded plans for a potential $97.5 billion equity raise.
As of September 30, Meta's total debt was $83.67 billion, according to data compiled by LSEG.