bloomberg.com web signal

Meta Raises €9B in Debut Euro Bond at Record €53B Order Book, Pays 1.4x Alphabet's Premium

Summary

Meta priced a €9B debut euro-denominated bond that drew a record €53B of orders, following its $15B dollar leg last week. Investors demanded roughly 1.4x the risk premium Alphabet paid on a similar euro deal this week, suggesting debt markets are starting to price AI-capex strain differently across the hyperscalers.