Meta weighs $20B bond sale in dollars and euros

Meta is weighing a cross-border bond sale in U.S. dollars and euros that could raise at least $20 billion, according to Bloomberg, with investor calls scheduled for Monday and Tuesday. The company has asked Citigroup and Morgan Stanley to gauge demand, and the offering could grow if interest is strong. It would mark Meta's first euro-denominated debt sale and its first significant bond issuance in six months, with dollar maturities spanning five to 30 years and euro maturities up to 38 years. Meta last sold $25 billion in bonds in April, but demand for AI-related debt has weakened since, with investors seeking higher yields. S&P revised Meta's AA- rating outlook to negative last Friday, citing fewer AI revenue avenues than competitors. The company also raised $35 billion in stock last week and plans up to $60 billion in at-the-market sales, with capital needs projected in the hundreds of billions starting autumn 2026.