BlackRock Kicks Off $12.3 Billion Bond Sale for Meta Data Center

BlackRock Inc. has started marketing $12.3 billion in high-grade bonds to finance a 1-gigawatt Meta Platforms Inc. data center project located in El Paso, Texas. This funding initiative is structured through an 80/20 joint venture. The bond sale serves as a test of investor appetite, as there are increasing concerns regarding excessive AI infrastructure spending. The project aims to expand the technical capabilities of Meta through this significant capital injection managed by BlackRock.