Last Updated: May 02, 2023, 05:29 IST
Last week, the corporate beat expectations for first-quarter revenue and income, ensuing in a 13% surge in its shares.
The Facebook-parent mentioned the bond difficulty’s longest 40-year safety may yield 192 foundation factors over Treasuries
Meta Platforms Inc is trying to elevate $8.5 billion in a five-part bond providing, its second difficulty after it raised $10 billion final yr, the corporate mentioned in a submitting on Monday.
The Facebook-parent mentioned the bond difficulty’s longest 40-year safety may yield 192 foundation factors over Treasuries.
It will use the funds to assist finance capital expenditures, repurchase excellent shares of its frequent inventory, and for acquisitions or investments, Meta mentioned.
Last week, the corporate beat expectations for first-quarter revenue and income, ensuing in a 13% surge in its shares.
Read all of the Latest Tech News right here
(This story has not been edited by News18 workers and is printed from a syndicated information company feed)
