Meta sells $25 billion of bonds in six parts to fund AI spending

Meta sold $25 billion of investment-grade bonds in six portions, with maturities from five to 40 years, on April 30, 2026. Orders peaked at $96 billion, down from about $125 billion for its prior $30 billion deal in October, and nearly all portions priced at wider spreads than that deal. The sale is a sign that AI capex is increasingly being funded with debt.

• Size: $25B across six portions, maturities from 5 to 40 years
• Order book peaked at $96B, down from about $125B for the October 2025 deal
• Nearly all tranches priced at higher risk premiums than the October sale
• Second jumbo bond deal in about six months