Meta launches first euro bond issuance after raising $15 billion in dollar bonds

Deep News17:00

Meta has kicked off its first ever euro-denominated bond sale, following its $15 billion fundraising through a dollar bond offering on Tuesday.

According to a person familiar with the matter, the company is issuing the euro bonds in six tranches, with maturities ranging from more than 4 years to more than 38 years.

The person said the shortest-dated bonds were initially priced at around 140 basis points over the mid-swap rate, while the longer-dated bonds were priced at around 370 basis points.

This marks Meta's first bond issuance outside its home market.

On Tuesday, investor demand for the company's dollar bond deal reached as much as $58 billion.

Citigroup and Morgan Stanley are managing the euro bond transaction, which is expected to be priced later on Wednesday.

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