Meta kicks off first euro bond sale in latest test for tech sector
META•Meta opened its first euro-denominated bond sale, with maturities ranging from four to 38 years. The launch follows its $15 billion five-part U.S. dollar bond offering and comes as technology firms raise funds for AI infrastructure.
1. Euro bond sale
Meta opened books for its first euro-denominated, multi-tranche bond sale on Wednesday. The bonds have maturities ranging from four to 38 years.
2. AI funding wave
The sale follows Meta's announcement on Tuesday that it was raising $15 billion through a five-part U.S. dollar bond offering to help finance accelerating investments in AI infrastructure. Companies are raising funds for data centers, computing capacity and cloud expansion.
3. Market backdrop
Alphabet sold €6 billion of bonds on Monday, with an order book topping €17 billion. Concerns about the cost of AI investment and the returns needed to justify it have weighed on technology stocks and bonds in recent weeks; the Nasdaq fell 5% in October.
