Bloomberg / Reuters · 2026-11-05
Meta Raises $15B in Dollar Bonds Then Prices Debut €9B Euro Bond Sale, Drawing Record €62B Order Book
Meta completed a two-leg cross-currency bond blitz—$15B in USD notes (coupons 5.85%–7.50%) on Nov 4 followed immediately by a debut €9B six-tranche euro deal that drew a record €62B book, dwarfing the prior European corporate record. Coupons are materially higher than Meta's April 2026 deal, signalling rising AI-capex financing costs even for double-A rated issuers. Combined with Meta's parallel ~$97.5B equity raise, total capital raised in days exceeds $120B—the largest short-window financing by any single tech issuer in history.
technology.org (citing Bloomberg/Reuters) / 24-7 Wall St. · 2026-11-04
Oracle Prices $10B Senior Notes as Part of $20B Stock-and-Bond Package; Shares Sink 8.8% on Leverage Fears
Oracle (Baa2/BBB, negative outlook) filed to sell $10B of senior unsecured notes and $10B of new equity simultaneously on Nov 2–3, completing the bond tranche by Nov 4. Its existing 2031 bond now yields ~7.28%—roughly 230 bps wide of similarly rated peers—and its 5-year CDS has reached 18-year highs. The stock dropped 8.8% on the announcement day, reflecting deep credit-market anxiety about Oracle's leverage trajectory as it pursues a cumulative $40–50B AI data-center funding plan through FY2030.
Bloomberg · 2026-11-05
CoreWeave Bonds Fall to New Lows (~79.5 Cents) with Yields Exceeding 15% After Election Results Threaten Texas Data-Center Pipeline
CoreWeave's (S&P B+; Fitch B) unsecured 2031 notes traded as low as 79.5 cents on the dollar on Nov 4–5, with yields on its 2030 and 2032 paper also exceeding 15%—firmly in distressed territory—after gubernatorial election wins by candidates favouring data-center construction slowdowns, including in Texas, a key CoreWeave buildout state. With ~$35.6B in debt principal, $10.6B due by end-2027, and interest consuming 21.7% of quarterly revenue, the political risk adds a new, non-financial dimension to its already precarious credit profile and raises refinancing-risk concerns for the broader neocloud sector.