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Bond Sale

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Meta plans $20-25 billion bond sale to fund AI spending

Meta is pursuing a bond sale of between $20 billion and $25 billion on Tuesday, split roughly two-thirds in dollars and one-third in euros, according to people familiar with the matter. The offering follows Meta's disclosure last month that full-year capital expenditure will reach $135-145 billion, and comes after S&P Global Ratings revised its outlook on the company to negative.