Meta restarts dollar bond issuance, plans to raise at least $20 billion in US and European marke

Meta Platforms is returning to the dollar bond market for the first time in six months, planning to raise at least $20 billion across U.S. and European markets to fund its AI infrastructure buildout. The offering is split into five tranches with maturities ranging from 5 to 30 years, with the longest-dated bonds initially guided at roughly 2.5 percentage points above U.S. Treasury yields, per a source cited by Jin10. Citigroup and Morgan Stanley are underwriting the deal. The issuance follows Meta's April bond sale, which raised $25 billion amid peak investor demand of $96 billion, but appetite for AI-related debt has since cooled, with investors now demanding larger yield premiums to compensate for risk. The deal matters as a test of investor willingness to keep financing Big Tech's AI capex at higher spreads; watch the final pricing and order book for signals on demand for AI-linked credit.