BlackRock Kicks Off $12.3 Billion Bond Sale for Meta Data Center
Bloomberg 2026-07-24 13:09:57
Context: BlackRock Inc. has initiated a $12.3 billion bond sale to finance a data center project for Meta Platforms Inc., a move that will gauge investor interest in tech infrastructure investments. The bond sale comes at a time when concerns are rising about the excessive spending on artificial intelligence infrastructure.
Key Facts
- BlackRock Inc. began marketing $12.3 billion of high-grade bonds to fund a Meta Platforms Inc. data center project.
- The bond sale is aimed at testing investor appetite amid growing concerns about excessive AI infrastructure spending.
- The funds raised from the bond sale will be specifically used for a Meta Platforms Inc. data center project.