Meta Platforms launched its first euro-denominated bond offering after
completing a $15 billion U.S. dollar bond sale on Tuesday. The euro deal is
split into six tranches, maturities from just over 4 years to more than 38
years; initial price guidance is roughly +140bps versus mid-swap for the
shortest tranche and about +370bps for the longest. Meta's U.S. issuance drew
strong demand with indications of interest up to $58 billion. Citigroup and
Morgan Stanley is arranging the euro offering, with pricing expected Wednesday
night. This is Meta’s first bond issuance outside the U.S.
