Meta draws record 53 billion euro orders

Meta Platforms gathered a record 53 billion euros in investor orders for its first euro-denominated bond sale. The tech giant aims to raise up to 9 billion euros to fund heavy investments in artificial intelligence infrastructure.

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FILE PHOTO: The logo of Meta is seen at the entrance of the company's temporary stand ahead of the World Economic Forum (WEF) in Davos, Switzerland January 18, 2025. REUTERS/Yves Herman/File Photo

Meta Platforms drew €53 billion ($59.52 billion) in investor orders on Wednesday afternoon for its debut euro-denominated bond sale, setting a record for the offering. The tech giant is targeting as much as €9 billion in proceeds from the six-part debt issuance. The fundraising follows a $15 billion five-part United States bond offering executed on Tuesday.