Meta Eyes at Least $20 Billion in Cross-Border Bond Sale Spanning Dollars and Euros

Meta Platforms is preparing a large cross-border investment-grade bond offering that could raise at least $20 billion, marking its entry into the euro bond market alongside a multi-tranche US dollar deal. The company has engaged Citigroup and Morgan Stanley to hold investor calls on Monday and Tuesday ahead of the sale, with the offering potentially structured as US dollar bonds in five tranches and euro-denominated notes in six tranches.

The offering makes Meta the latest major technology company, sometimes called a hyperscaler, to tap debt markets as investor scrutiny of artificial intelligence infrastructure spending intensifies. Meta raised $30 billion in its biggest-ever bond offering the prior year and followed that with a $20-25 billion sale roughly six months ago, underscoring the scale and frequency of its capital markets activity to fund AI buildout. The company has projected 2026 capital expenditures of as much as $145 billion.