Meta seeks at least $25 billion from bond sale, Bloomberg reports
A logo of Meta appears on a screen at the company's House during the 55th annual meeting of the World Economic Forum in Davos, Switzerland, January 24, 2025. REUTERS/Yves Herman
Meta Platforms Inc is targeting at least $25 billion in a bond sale, Bloomberg News reported on Thursday, citing people familiar with the matter.
Fixed-income news service IFR said the parent of Facebook and Instagram has filed for a six-part bond sale without disclosing a size, and was marketing bonds with maturities ranging from five to 40 years.
Citigroup and Morgan Stanley are leading the offering, IFR reported.
The longest-dated notes are being offered at around 1.4 per centage points over comparable U.S. Treasuries, Bloomberg News said.
Meta did not immediately respond to a Reuters request for comment.
Meta on Thursday forecast "notably larger" capital expenses next year due to investments in artificial intelligence and data centres. The company also reported third-quarter revenue growth of 26 per cent that beat market estimates, but that jump was outpaced by a 32 per cent increase in costs.
Meta last tapped the bond market in 2022 with a $10 billion sale.
