The Next WebAna-Maria Stanciuc
Meta lines up dollar and euro bonds days after S&P’s warning
Meta has asked Citigroup and Morgan Stanley to hold investor calls for a bond sale in US dollars and euros, Bloomberg reports. It comes days after S&P cut Meta’s credit outlook and a week after a $35B share sale.
Meta is preparing to sell bonds in both US dollars and euros to help fund its AI spending, Bloomberg reported on Monday, citing a person familiar with the matter.
The company has asked Citigroup and Morgan Stanley to hold calls with investors on Monday and Tuesday. Meta may sell dollar bonds in five parts and euro notes in six parts.
The size of the deal was not disclosed.
Reports in September said Meta was preparing to borrow in Europe’s bond market for the first time this autumn. US tech giants have been turning to euro debt to pay for their data centres.
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