Connect with us

Hi, what are you looking for?

FINTECH

 Meta proposes $7 billion bond issuance

Photo: Meta

On Monday, Bloomberg News cited a source saying that Meta Platforms Inc (META.O) will raise $7 billion from its second bond issuance.

In the five-part bond sale, the oldest 40-year security may yield 215 basis points above Treasuries, as stated in the article.

The Facebook parent company plans to use the funds to undertake capital expenditures, repurchase outstanding shares of its common stock, and make acquisitions or investments, as stated in the report.

With its inaugural corporate bond offering last year, Meta raised $10 billion. Reuters’ request for comment was not met with an instant response from the corporation.

The company reported first-quarter results and sales above analysts’ expectations on a Wednesday, driving the stock price by around 13% the following week.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The future of technological innovation is here. Be the first to discover the latest advancements, insights, and reviews. Join us in shaping the future.
SUBSCRIBE

You May Also Like

AI

Nvidia has expanded its reach in China’s EV sector. Four Chinese electric car makers will utilize Nvidia’s technology to power autonomous driving systems, demonstrating...

Uncategorized

Two nonfiction writers filed a lawsuit against OpenAI and its financial supporter Microsoft (MSFT.O) on Friday in Manhattan federal court. They claim that the...

TECH

In a federal court case in California, shareholders sued Netflix (NFLX.O.), alleging that the streaming entertainment business concealed how much account-sharing was impeding its...

Crypto

A bankruptcy judge in the United States has given the go-ahead for Celsius Network, a cryptocurrency lender, to switch its focus to Bitcoin mining....