Meta's Debut Euro Bond Sale Attracts Record €53B in Investor Demand

Meta issued its first euro-denominated bonds, drawing a record €53 billion in orders to secure approximately €8.25 billion across six tranches as part of a broader fundraising effort to finance AI infrastructure. The European sale followed a $15 billion U.S. dollar bond offering that attracted $58 billion in orders, with Meta paying yields of up to 7.5% for 30-year notes. S&P shifted Meta's credit outlook to negative, citing a projected free cash flow deficit of $71 billion in 2027, while the company has raised nearly $120 billion across its capital stack to fund capital expenditures expected to exceed $225 billion by 2027.