Meta raises $15 billion in bond sale

Meta Platforms is selling US dollar bonds worth $15 billion, its first bond sale in the investment-grade market since April. Investors looking for higher returns have helped to drive demand for the bonds. The company intends to use the money to build data centers for its AI business. A two-currency deal worth at least $20 billion The dollar notes are one half of a cross-border offering that Meta expects to go over $20 billion. The second half is a euro-denominated bond, Meta’s very first of its type, which could hit the market on Thursday. The bond sale includes five groups of dollar bonds, with repayment periods ranging from five to 30 years.

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