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Your email address will not be published.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

News

Automattic, the parent company of WordPress.com, is cutting approximately 16% of its workforce in an effort to secure its long-term future, CEO Matt Mullenweg...

COMPUTING

It’s 2025, and somehow, I still had to buy a Micro USB to USB-C cable. For years, we’ve been promised a universal standard—USB-C, the...

BUSINESS

President Donald Trump’s return to the White House has already sent shockwaves through Washington — and the tech industry is feeling the tremors. From...

GAMING

Nintendo has officially revealed key details about the highly anticipated Switch 2, set to launch on June 5, 2025. With a higher price, upgraded...

SUBSCRIBE

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