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2026-11-05 17:48:29
[Meta's Eurobond Issuance Sets European Record in Subscription] ⑴ Meta's newly issued eurobonds traded above par value after the issuance, following record-breaking investor subscriptions for a European corporate bond offering. ⑵ Data compiled by institutions shows that bids for all six maturities of Meta's bonds rose on Thursday, with even bids above par value. ⑶ The underwriting banks completed the issuance of six tranches of bonds totaling €9 billion on Wednesday, with each tranche priced slightly below €100 of face value. ⑷ This price increase occurred following Meta's record-breaking bond issuance. ⑸ The order book reached €62 billion, far exceeding the €31 billion record set by Anheuser-Busch InBev 10 years ago. (6) Due to the significantly higher credit spread offered by Meta compared to other mega-technology companies issuing euro bonds, and its closer proximity to bonds rated several notches lower than Meta's AA rating, investor demand has been steadily increasing. (7) Overall, Meta's euro bond issuance has seen far greater demand than in the past, and its secondary market performance has remained strong.
