Meta launches first euro-denominated bond issuance after completing $15 billion USD-denominated bond offering

TechFlow reported that on November 04, Meta Platforms(META.O) launched its first euro-denominated bond issuance after issuing $15 billion of USD-denominated bonds on Tuesday. According to a person familiar with the matter, the euro-denominated bonds Meta plans to issue are divided into six maturity tranches, with maturities ranging from slightly over 4 years to more than 38 years. The initial price guidance for the shortest-maturity bonds is about 140 basis points above the mid-swap rate, while that for longer-maturity bonds is about 370 basis points above.

This is Meta's first bond issuance outside the U.S. domestic market. On Tuesday, the company's USD-denominated bond offering received strong investor demand, with indications of interest reaching as high as $58 billion. Citigroup and Morgan Stanley are underwriting the euro-denominated bond issuance, and the transaction is expected to price later on Wednesday.

Source: TechFlow