Facebook parent Meta Platforms explores first-ever sale of corporate bonds: report

Facebook parent Meta Platforms Inc.
META,
+4.28%
has reportedly asked banks to look into demand for a potential corporate bond sale — what would be the tech giant’s first, according to a Bloomberg News report. Per the Bloomberg report, the company has reportedly asked Morgan Stanley
MS,
+1.44%,
JPMorgan Chase & Co.
JPM,
+0.17%,
Bank of America Corp.
BAC,
+1.12%,
and Barclays PLC
BCS,
+2.29%
to arrange calls with potential investors. The report that the tech giant, led by CEO Mark Zuckerberg, is considering tapping the bond market comes just days after fellow tech giant Apple Inc.
AAPL,
+2.56%
raised $5.5 billion. Meta is one of just 18 companies among the S&P 500 that has no long-term or short-term debt, aside from lease obligations, according to Bloomberg data.