Kerala News Journal

Meta, a Facebook parent company, will launch a second bond offering to raise $8.5 billion

In its second issue since raising $10 billion the previous year, Meta Platforms Inc. is looking to raise $8.5 billion in a five-part bond offering, the company said in a filing on Monday.

The 40-year bond with the longest maturity, according to Facebook's parent company, could yield 192 basis points more than Treasury bonds.

According to Meta, it will utilize the money to assist pay for capital expenditures, repurchase outstanding shares of its common stock, and make investments or acquisitions.

The company's shares increased by 13% last week after it reported first-quarter earnings and sales that exceeded forecasts.

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