BlackRock Sells $12.3 Billion Bonds Tied to Meta Data Center Project
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Bonds that BlackRock Inc. is selling, tied to a Meta Platforms Inc. data center project in Texas, rallied in early trading on Monday before the notes were formally priced, signaling demand for the securities may be stronger than it initially appeared.
The strong early demand for the bonds indicates a positive market response to the debt deal, which is significant in the context of BlackRock's investment strategies.
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“Bonds that BlackRock Inc. is selling, tied to a Meta Platforms Inc. data center project in Texas, rallied in early trading on Monday before the notes were formally priced, signaling demand for the securities may be stronger than it initially appeared.”
Bloomberg — BlackRock Dodges AI Bond Flop as $12.3 Billion Debt Deal Rallies