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Facebook Parent Meta Raises $10 Billion in Its First-Ever Bond Offering

Facebook Parent Meta Raises $10 Billion in Its First-Ever Bond Offering

Facebook-parent Meta Platforms Inc said on Tuesday it had raised $10 billion (roughly Rs. 79,530 crore) in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business.

The offering would help Meta, the only one among big technology companies without debt on its books, to build a more traditional balance sheet and fund some expensive initiatives, such as its metaverse virtual reality.

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