Meta Platforms launched its first euro-denominated bond sale, diversifying its funding as it invests in artificial intelligence. The offering comprises six tranches. Maturities range from four to 38 years. The sale follows a $15 billion U.S. dollar bond offering, underscoring the company’s efforts to finance AI infrastructure.
The move follows a broader trend among major technology companies. Microsoft and Alphabet have collectively raised tens of billions of dollars from debt markets recently to support their AI ambitions. The rush for capital is reportedly increasing borrowing costs. Yields on bonds from even highly rated technology companies are being pushed higher amid concerns about the scale of AI spending and whether it will generate sufficient returns.