According to Bloomberg News, Meta Platforms Inc. (META.O) is considering a $7 billion bond issuance.
According to the article, the five-part bond issue’s longest 40-year security may yield 215 basis points above Treasuries.
According to the article, Facebook would utilize the proceeds for capital expenditures, repurchases of its common stock, and acquisitions or investments.
Last year, Meta issued its first corporate bond for $10 billion.
Last week, shares rose 13% after the company beat first-quarter profit and revenue expectations on Wednesday.
