Monday 1 May 2023

Meta Said to Be Targeting $7 Billion in Its Second Blue-Chip Bond Sale

Meta Platforms emerged as the first mega-cap technology company to tap the US investment-grade bond market as turmoil in the financial sector has toppled five banks since March. The social-media behemoth, which reported earnings last week, is looking to raise $7 billion (nearly Rs. 57,250 crore) in a five-part deal, according to a person familiar with the matter.

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