Meta Platforms said Tuesday it is raising $15 billion through a five-part U.S. dollar bond sale to help pay for artificial-intelligence infrastructure, Reuters reported². Techmeme, summarizing Bloomberg, said the dollar sale is the largest piece of a cross-border offering expected to exceed $20 billion¹.

Bloomberg sources cited by Techmeme said investor orders for the dollar bonds ran as high as $58 billion¹. Reuters did not report that demand figure².

Reuters said a regulatory filing listed two $3.25 billion notes, due 2031 and 2033, with coupons of 5.85% and 6.25%; it did not fully detail the rest of the five-tranche structure².

Reuters also reported earlier investment-grade sales of $25 billion in April and $30 billion last year, plus Meta's stated capital-spending range of $135 billion to $145 billion this year, largely for AI². It cited an expanded plan that could amount to a $97.5 billion equity raise².

Moody's assigned the new debt an Aa3 rating, Reuters said, and LSEG data cited by Reuters put Meta's total debt at about $83.67 billion as of Sept. 30².

The two accounts agree on the $15 billion U.S. dollar raise and the AI-funding purpose^1,2. They differ on market color: Techmeme and Bloomberg stress oversubscription and a multi-currency package; Reuters stresses filing terms, ratings and prior fundraising^1,2. Whether a euro portion priced, and coupons on every tranche, were not fully laid out in these two items^1,2.