Meta Platforms reportedly headed back to bond market for $7B sale
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Meta Platforms (NASDAQ:META) is reportedly headed back to the bond market, leading a Big Tech vanguard into debt issuance before Wednesday's Fed policy meeting.
The company raised $10B in its first-ever corporate bond issue last year, and now it's looking to raise another $7B in a five-part deal, Bloomberg reported. Meta (META) joins other major companies jumping in on debt sales ahead of the Fed Open Market Committee rate decision, including Hershey and Comcast.

The longest part of Meta's (META) planned offering is a 40-year security that could yield 215 basis points over Treasurys, according to the report.
The social-media giant plans to use the funding to finance capital expenditures, buy back stock and for acquisitions or investments, the report said.
A down market in Communication Services Monday morning may break a three-day winning streak for Meta Platforms (META), which was down 1.4%. The stock rose 16% over those three sessions, including a double-digit gain Thursday that lifted social-media peers following a strong beat in its first-quarter earnings report.