IOI Properties launches property trust IPO seeking 2.1 billion ringgit
The offering puts the trust's value at about 5.3 billion ringgit, with a Bursa Malaysia listing planned for November 25.
Meta considers bond offering of at least $20 billion, report says
The potential dollar and euro debt sale would help fund AI infrastructure, as Meta faces scrutiny over spending and cash flow.
Meta is considering raising at least $20 billion through a cross-border bond sale to finance its AI infrastructure expansion, according to a media report on November 2. The company has not reached a final decision, and investor demand could lead to a larger offering, the report said, citing people familiar with the matter.
Citigroup and Morgan Stanley have been asked to arrange investor calls, according to the report. Dollar-denominated bonds would have maturities ranging from 5 years to 30 years. The euro portion would carry terms of around 4 years to just over 38 years.
The possible debt sale follows Meta's announcement of plans for equity offerings totaling around $97.5 billion, its largest ever. Those include stock sales priced at about $37.5 billion and a planned at-the-market program that could raise up to $60 billion.
Meta previously raised $30 billion through a bond offering and sold another $25 billion of investment-grade debt in April. Its spending on AI infrastructure has put pressure on cash flow, with the company reporting third-quarter cash burn of $2.12 billion.
S&P Global Ratings changed Meta's outlook from stable to negative, pointing to significant uncertainty about capital expenditure and free operating cash flow.