Meta announced earlier today there were looking to sell around $25 billion bonds. They got bids for 125 billion. They seemed to have strong demand to say the least.
Prior to the announcement:
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The offering will likely be issued in six tranches, with maturities ranging from 5 to 40 years.
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The longest-dated notes are expected to be priced about 1.4 percentage points above comparable U.S. Treasuries.
Why it matters
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This would be one of the largest corporate bond sales of 2025, especially among U.S. tech companies.
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Meta’s goal is to fund its massive capital expenditures, particularly for artificial intelligence infrastructure and data centers.
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Despite the announcement, Meta’s stock fell around 10–12%, reflecting investor concern over increased spending, rising debt, and potential return dilution.
Things to watch
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Final size and pricing of the bond sale — whether it exceeds $25 billion and how yields are set.
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Structure and maturities — details on the number of tranches and longest duration.
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Market reaction — balancing optimism over AI investment with concerns about leverage.
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Impact on Meta’s balance sheet and credit metrics, given the higher debt load.
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Potential influence on other tech giants, as a successful sale could encourage similar debt offerings across the sector.
This article was written by Greg Michalowski at investinglive.com.