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2026-11-04 16:16:25
[Meta Launches First Eurobond Issuance with Six Tranches, Maturities Exceeding 38 Years] ⑴ Following the completion of a $15 billion USD debt financing round on Tuesday, Meta, the platform company, has begun book-building for its first euro bond issuance. ⑵ Sources familiar with the matter said the euro bonds are divided into six tranches with maturities ranging from over four years to more than 38 years. ⑶ Sources indicated that the initial pricing for the shortest-term tranche is approximately 140 basis points above the medium-term swap rate, while the initial offer for the longer-term tranche is around 370 basis points. ⑷ This is Meta's first bond issuance outside the US market. ⑸ On Tuesday, the USD bond issuance attracted $58 billion in orders from investors. ⑹ Citigroup and Morgan Stanley are the underwriters for this euro bond issuance, which is expected to be priced later on Wednesday.
