Facebook parent Meta seeks to raise $10.5 billion in bonds as borrowers tentatively return to market
Monday’s stock market rout and Treasury rally kept issuers on the sidelines
Meta Platforms Inc. launched a 5-part investment-grade bond offering on Wednesday that’s expected to include a 40-year maturity, taking advantage of the better tone in the markets after the recent meltdown.
The Facebook parent
META
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was one of a crop of issuers looking to tap the corporate bond market, according to Informa Global Markets, and is planning to raise $10.5 billion.
The corporate bond market saw no debt issuance during Monday’s market carnage sparked by U.S. recession fears and the violent unwinding of the yen “carry trade.”
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