Facebook parent Meta is issuing a mega bond

Frankfurt Equity investors no longer want to know much about the shares of Facebook parent Meta, but Meta has made a grandiose debut on the bond market. Meta borrowed $10 billion from bond investors. The demand for it was huge. Bankers reported buy orders in excess of $30 billion.

Meta divided the megabond into four different tranches with maturities of five, ten, 30 and 40 years. The bonds pay interest of 3.5 percent, 3.85 percent, 4.45 percent and 4.65 percent each year – the longer the term, the higher the interest coupons. The individual papers were placed with prices slightly below the repayment value of 100 percent, so the yields for investors were still slightly higher than the interest coupons.