Meta Sells $25 Billion of Debt as Investor Worry, Fatigue Builds

Meta Platforms Inc. sold $25 billion of investment-grade bonds, hitting the market with a jumbo deal for the second time in six months as investors are starting to show some signs of fatigue.

Nearly all of the six portions of the bond sale were priced at higher risk premiums than Meta’s October sale, signaling that investors are demanding more compensation to buy debt from the parent of Facebook. Investors placed orders for $96 billion of the company’s securities at the peak, down from around $125 billion for the prior offering of $30 billion.