Meta draws record orders for debut euro bond sale, Bloomberg News reports

Nov 4 (Reuters) - Meta Platforms received a record €53 billion ($59.52 billion) in investor orders for its debut euro-denominated bond sale, Bloomberg News reported on Wednesday, citing data compiled by the news agency.

The offering comes as technology companies increasingly turn to debt markets to help finance large-scale investments in AI infrastructure.

Here are more details:

• Meta is seeking to raise as much as €9 billion from the euro offering, Bloomberg added

• Meta's euro sale follows its $15 billion five-part US bond offering on Tuesday

• The euro debt is being offered in six parts. with maturities ranging from just over four years to more than 38 years, the report said, citing a person familiar with the matter

• Citigroup and Morgan Stanley are managing the euro bond transaction, which is expected to price later on Wednesday, the report added

• Meta’s total debt stood at $83.67 billion as of September 30, according to data compiled by LSEG

• The debt sale comes days after Meta expanded plans for what could become a $97.5 billion equity raise

• ($1 = 0.8905 euros)

(Reporting by Anzar Mehraj in Bengaluru; Editing by Tasim Zahid)