After successfully raising $10 billion last year, Meta has announced plans to issue $8.5 billion in a five-part bond offering
According to Meta, it will utilize the money to assist pay for capital expenditures, repurchase outstanding shares of its common stock, and make investments or acquisitions.
The 40-year bond with the longest maturity, according to Facebook’s parent company, could yield 192 basis points more than Treasury bonds.
The company’s shares increased by 13% last week after it reported first-quarter earnings and revenue that exceeded forecasts.
Read more on Tech Gist Africa:
The parent company of Facebook, Meta, has raised $10 billion in its very first bond offering
Meta is reportedly exploring launching an app to compete with Twitter
Meta is experimenting with artificial intelligence tools on WhatsApp, Instagram, and Messenger