Meta Prices $15 Billion Five-Part Bond Sale

Meta Platforms completed a $15 billion senior notes offering on November 5, split across five tranches maturing between 2031 and 2056. The shortest notes, due 2031, carry a 5.850% coupon, while the longest, due 2056, pay 7.500% — a gap of 165 basis points. The deal, underwritten by Citigroup and Morgan Stanley, adds to a wave of tech borrowing funding the AI buildout ($META).