Record demand of 53 billion euros for Meta's euro bond issuance

Meta's first euro-denominated bond issuance received a record demand of 53 billion euros from investors.

According to Bloomberg News, based on data compiled on Wednesday, the company's first euro-denominated bond issue received demand of 53 billion euros from investors.

The issuance comes at a time when technology companies are increasingly turning to debt markets to finance large-scale artificial intelligence infrastructure investments.

According to the news, the company aims to provide financing of up to 9 billion euros by issuing euro-denominated bonds.

Meta's euro-denominated bond issuance follows the company's $15 billion US bond issuance in five tranches on Tuesday.

According to the news, euro-denominated bonds are offered to investors in six tranches. The maturities of the bonds range from 4 to 38 years.

While Citigroup and Morgan Stanley are leading the issuance, pricing is expected to be completed on Wednesday.

According to data from the London Stock Exchange Group (LSEG), Meta's total debt was at $83.67 billion as of September 30.

The company's new debt move comes just days after it expanded its stock issuance plans that could reach $97.5 billion to finance its artificial intelligence investments.