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Investing.com -- Meta Platforms Inc (NASDAQ:META) is planning to sell at least $25 billion of investment-grade bonds on Thursday, as the tech giant seeks funds for artificial intelligence infrastructure investments.
The company aims to issue notes in up to six different segments with maturities ranging from five to 40 years, according to a report from Bloomberg News, citing people familiar with the matter who were not authorized to speak publicly.
Initial pricing discussions for the 40-year bond indicate a yield of approximately 1.4 percentage points above benchmark Treasury rates, one of the sources said.
The proceeds from the bond sale will be directed toward general corporate purposes, as Meta joins other technology companies in raising capital to support heavy investments in AI infrastructure.
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