Facebook parent company META or the first issuance company debt

Zhongxin Jingwei, August 4th. According to the Wall Street Journal quoted Bloomberg News, Facebook's parent company Meta has commissioned banks to study the demand for its potential corporate debt. This will be the first time that this technology giant has issued corporate bonds.

According to reports, the company has commissioned Morgan Stanley, JPMorgan Chase, Bank of America and Barclays to arrange calls with potential investors. When Meta considered debt issuance, Apple, which was a science and technology giant a few days ago, raised debts to raise $ 5.5 billion.

According to Bloomberg's data, Meta is one of the only 18 of the S & P 500 index that does not have long -term or short -term debt companies except for lease obligations.

It is reported that META is currently capable of issuing debts of up to $ 50 billion. As of June 30, Meta had about $ 40.5 billion in cash and equivalent.

Standard & Poore Global Rating was awarded Meta AA-rating on Wednesday, and confirmed the prospect of "stability" at the same time. In a press release: "Our stable prospects reflect the expected expectations of the income growth in the next 12-18 months due to the slowdown in the economic environment, but the cash balance will be maintained without leverage. High level. In addition, Moody's Investor Service Company awarded Meta A1's publisher rating.

Meta has been using cash to repurchase stocks, including $ 5.1 billion in the second quarter of this year. According to the financial report released last week, as of June 30, Meta had $ 24.3 billion in repurchase. Meta Executive David Wehner said at a conference with analysts on July 27: "We still have a large amount of surplus funds in the repurchase plan. We expect to continue to repurchase the repurchase as part of our future capital allocation strategy."

As of Wednesday's U.S. stock closed, Meta's stock price rose 5.37%to $ 168.8. (Zhongxin Jingwei APP)

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