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Meta Platforms Inc. aims to sell at least $25 billion of investment-grade bonds on Thursday, according to people familiar with the matter, borrowing money as technology companies invest heavily in infrastructure for artificial intelligence. The firm is looking to issue notes in as many as six partsBloomberg Terminal, ranging from five to 40 years in length, according to one person, who also asked not to be identified as they’re not authorized to speak publicly. Initial price talk for the 40-year bond is a yield of about 1.4 percentage point more than benchmark Treasuries, the person said. Proceeds are set to go toward general corporate purposes.
