Market Chatter: BlackRock Starts $12.3 Billion Bond Sale for Meta Platforms Data Center

MT Newswires Live
Jul 24

BlackRock (BLK) started marketing $12.3 billion in high-grade bonds to finance a Meta Platforms (META) data center project, Bloomberg News reported Friday, citing a person familiar with the matter.

A holding company linked to the asset manager is offering a single tranche of notes maturing in 2048 at a premium of roughly 2.875 percentage points above Treasuries, the news outlet quoted the person as saying.

The sale proceeds will support a Texas facility expected to deliver up to 1 gigawatt of computing power, with BlackRock units holding 80% stake and Meta owning the rest, according to the report.

BlackRock and Meta Platforms did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 1040.77, Change: +3.61, Percent Change: +0.35

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10