The subscription demand for the first high-yield bond linked to Meta Platforms Inc. issued by the US data center operator CleanSpark Inc. exceeded the issuance scale by more than four times, and the attractive yield effectively attracted investors. According to people familiar with the matter, the asset management company's subscription amount for this debt issuance — with a scale of nearly US$2.28 billion — amounts to about US$10 billion. This 5-year note is priced at 98.5 cents of face value and yields 8.25%. This yield is about 175 basis points higher than the average yield on BB-grade corporate bonds tracked by Bloomberg.

The subscription demand for the first high-yield bond linked to Meta Platforms Inc. issued by the US data center operator CleanSpark Inc. exceeded the issuance scale by more than four times, and the attractive yield effectively attracted investors. According to people familiar with the matter, the asset management company's subscription amount for this debt issuance — with a scale of nearly US$2.28 billion — amounts to about US$10 billion. This 5-year note is priced at 98.5 cents of face value and yields 8.25%. This yield is about 175 basis points higher than the average yield on BB-grade corporate bonds tracked by Bloomberg.