Meta borrows at a 7.5% yield for 30 years after investors place $58 billion in orders

Meta has issued long-term debt at a 7.5% interest rate for a 30-year maturity, according to a report that highlighted both the strength of investor demand and the unusually high borrowing cost implied by the deal’s pricing.

The sale drew about $58 billion in orders, the report said, and it noted that demand came close to four times the amount Meta was seeking to raise. Oversubscription can indicate confidence in a company’s credit, even when prevailing yields are elevated.

What has drawn additional attention is the interest rate itself. The report characterized the pricing as one Meta has “never paid before,” suggesting lenders demanded a higher return for the longest tenor than in prior Meta financings.

For investors, the headline number is not just the yield, but what it represents for future interest expense. A higher coupon on a long-dated tranche increases the fixed cost of debt over time, even if the company’s operating performance improves or it later refinances portions of its liability stack.

Meta did not provide additional figures in the referenced report about the final size of the bond, the proceeds’ allocation, or how the issuance changes its broader maturity profile. Those details typically appear in a pricing release or prospectus, and they were not included in the cited account.

From a broader technology-sector perspective, large issuers are returning to the bond market to manage refinancing needs and fund capital spending and infrastructure investment. In that setting, the “cost of debt” matters as much as the demand because it can set a baseline for subsequent financing terms.