Meta Platforms Raises $8.5 Billion in Second-Ever Bond Sale
- Longest portion yields 192 basis points over Treasuries
- Proceeds to help fund future buybacks, acquisitions, capex
Photographer: David Paul Morris/Bloomberg
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Meta Platforms Inc. emerged as the first mega-cap technology company to tap the US investment-grade bond market amid turmoil in the financial sector that has toppled five banks since March.
The social-media behemoth, which reported earnings last week, raised $8.5 billion in a five-part deal, according to a person familiar with the matter. The longest portion of the offering, a 40-year security, yields 192 basis points over Treasuries, less than initial discussions for about 215 basis points.