A source familiar with the matter revealed that BlackRock is seeking to sell more than $12 billion in bonds to help finance Meta Platforms Inc.'s data center in El Paso, Texas. This is the latest in a series of recent bond deals that have supported tech companies to invest heavily in AI. People familiar with the matter said the bonds were issued by a holding company that holds 80% of BlackRock's shares in Project Sopaipilla Holdings and Meta holds 20% of the data center project. People familiar with the matter pointed out that the issuer has appointed J.P. Morgan Chase and Morgan Stanley to arrange a conference call for fixed income investors on Wednesday. As they were not authorized to speak publicly about the matter, these people familiar with the matter requested anonymity. The bonds are expected to be priced early next week. In May of this year, people familiar with the matter revealed that the total amount of this financing may be about 13 billion US dollars.

A source familiar with the matter revealed that BlackRock is seeking to sell more than $12 billion in bonds to help finance Meta Platforms Inc.'s data center in El Paso, Texas. This is the latest in a series of recent bond deals that have supported tech companies to invest heavily in AI. People familiar with the matter said the bonds were issued by a holding company that holds 80% of BlackRock's shares in Project Sopaipilla Holdings and Meta holds 20% of the data center project. People familiar with the matter pointed out that the issuer has appointed J.P. Morgan Chase and Morgan Stanley to arrange a conference call for fixed income investors on Wednesday. As they were not authorized to speak publicly about the matter, these people familiar with the matter requested anonymity. The bonds are expected to be priced early next week. In May of this year, people familiar with the matter revealed that the total amount of this financing may be about 13 billion US dollars.