BlackRock launched an investment-grade bond offering of $12.3 billion to raise capital for Meta's Texas AI data center project; people familiar with the market are generally concerned that the AI infrastructure investment is overheating. People familiar with BlackRock revealed that Sopaipilla Investor, a controlling entity linked to BlackRock, will issue credit bonds due in 2048. The source requested anonymity because he was not authorized to speak to the outside world. It said that the initial market inquiry range was about 287.5 basis points of premium over 10-year US bonds.

BlackRock launched an investment-grade bond offering of $12.3 billion to raise capital for Meta's Texas AI data center project; people familiar with the market are generally concerned that the AI infrastructure investment is overheating. People familiar with BlackRock revealed that Sopaipilla Investor, a controlling entity linked to BlackRock, will issue credit bonds due in 2048. The source requested anonymity because he was not authorized to speak to the outside world. It said that the initial market inquiry range was about 287.5 basis points of premium over 10-year US bonds.