Meta Targets $7 Billion in Its Second Blue-Chip Bond Sale (yahoo.com)
The social-media behemoth, which reported earnings last week, is looking to raise $7 billion in a five-part deal, according to a person familiar with the matter. The longest portion of the offering, a 40-year security, could yield 215 basis points over Treasuries, the person said.
Eleven companies have come forward with bond offerings Monday as issuers look to sell debt before the Federal Open Market Committee meeting and subsequent rate decision Wednesday. Other notable issuers are the Hershey Co., which is selling $750 million in bonds with no growth potential and Comcast Corp., which is out with a four-part deal.
