Meta Platforms (META) has reportedly received roughly $125 billion in orders for its $25 billion bond offering, marking the highest demand ever recorded for a single corporate debt sale.
Bloomberg reported that the offering, intended for general corporate purposes, has surpassed previous records, including CVS Health Corp.’s (CVS) $40 billion bond sale in 2018, which drew $120 billion in investor orders. At $25 billion, the bond sale is set to be the second-largest public corporate debt issuance this year, the report noted.
The offering comes a day after CEO Mark Zuckerberg signaled that Meta would significantly ramp up spending on artificial intelligence during the company’s third-quarter (Q3) earnings call. The funds from the bond sale are expected to support ongoing corporate projects, including AI infrastructure and development initiatives, giving investors exposure to the company’s ambitious technology plans.
The offering is expected include notes ranging from five to 40 years in maturity. Initial price indications for the 40-year note are around 1.4 percentage points above U.S. Treasuries.
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