{"slug": "blackrock-kicks-off-12-3-billion-bond-sale-for-meta-data-center", "title": "BlackRock Kicks Off $12.3 Billion Bond Sale for Meta Data Center", "summary": "BlackRock Inc. began marketing $12.3 billion of high-grade bonds to fund a Meta Platforms Inc. data center project in El Paso, Texas, testing investor appetite amid concerns about excessive AI infrastructure spending. The bonds, offered by a BlackRock-linked holding company, will finance a campus expected to provide up to 1 gigawatt of computing capacity for AI workloads, with BlackRock subsidiaries holding an 80% stake and Meta owning 20%.", "body_md": "(Bloomberg) -- BlackRock Inc. began marketing $12.3 billion of high-grade bonds to fund a Meta Platforms Inc. data center project, testing investor appetite amid growing concerns about excessive AI infrastructure spending.\n\nMost Read from Bloomberg\n\n-\n[Retina Chip Designed to Restore Sight to Go on Sale in Europe](https://www.bloomberg.com/news/articles/2026-07-22/retina-chip-designed-to-restore-sight-to-go-on-sale-in-europe?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) -\n[Hegseth Turns to UNC, Virginia Tech After Dropping Ivy League](https://www.bloomberg.com/news/articles/2026-07-22/hegseth-turns-to-unc-virginia-tech-after-dropping-ivy-league?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) -\n[Apple Plans Overhaul of MacBooks, iMac in Push to Meet AI Demand](https://www.bloomberg.com/news/articles/2026-07-22/apple-to-launch-new-macbook-air-imac-macbook-pro-neo-mac-mini-mac-studio?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) -\n[Alphabet Falls as $205 Billion Spending Plan Fuels AI Cost Fear](https://www.bloomberg.com/news/articles/2026-07-22/alphabet-posts-cloud-sales-beat-slight-miss-on-search-revenue?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS)\n\nSopaipilla Investor, a holding company tied to BlackRock, is offering a single tranche of notes due in 2048, according to a person familiar with the matter. Price talk is a premium of about 2.875 percentage points over Treasuries, the person said, asking not to be identified because they aren't authorized to speak publicly.\n\nProceeds from the sale will fund a data center campus in El Paso, Texas, expected to provide as much as 1 gigawatt of computing capacity for artificial intelligence workloads. BlackRock subsidiaries Global Infrastructure Management and HPS Investment Partners hold an 80% stake in the project, with Meta owning the remaining 20%.\n\nJPMorgan Chase & Co. and Morgan Stanley are running the offering.\n\nMost Read from Bloomberg Businessweek\n\n-\n[The Bitcoin Slump Is Crushing Companies That Stockpiled Tokens](https://www.bloomberg.com/news/articles/2026-07-22/bitcoin-s-price-plunge-crushes-companies-that-stockpiled-tokens?utm_campaign=bw&utm_medium=distro&utm_source=yahooUS) -\n[How China's 'Temu Range Rover' Became Britain's Top-Selling Car](https://www.bloomberg.com/news/articles/2026-07-16/chery-s-temu-range-rover-highlights-china-s-ascent-in-uk-car-market?utm_campaign=bw&utm_medium=distro&utm_source=yahooUS) -\n[Van Leeuwen's Path From a Single Ice Cream Truck to a Dessert Giant](https://www.bloomberg.com/news/features/2026-07-21/inside-van-leeuwen-s-growth-from-single-truck-to-ice-cream-giant?utm_campaign=bw&utm_medium=distro&utm_source=yahooUS) -\n[Chinese Brands Resort to Crude Insults to Hawk LED Signs and Charging Cables](https://www.bloomberg.com/news/articles/2026-07-23/china-s-creators-embrace-shock-advertising-to-sell-chargers-and-signs-online?utm_campaign=bw&utm_medium=distro&utm_source=yahooUS)\n\n©2026 Bloomberg L.P.", "url": "https://wpnews.pro/news/blackrock-kicks-off-12-3-billion-bond-sale-for-meta-data-center", "canonical_source": "https://ca.finance.yahoo.com/news/blackrock-kicks-off-12-3-130957694.html", "published_at": "2026-07-24 13:09:57+00:00", "updated_at": "2026-07-24 13:52:55.573297+00:00", "lang": "en", "topics": ["ai-infrastructure", "artificial-intelligence"], "entities": ["BlackRock Inc.", "Meta Platforms Inc.", "JPMorgan Chase & Co.", "Morgan Stanley", "Global Infrastructure Management", "HPS Investment Partners"], "alternates": {"html": "https://wpnews.pro/news/blackrock-kicks-off-12-3-billion-bond-sale-for-meta-data-center", "markdown": "https://wpnews.pro/news/blackrock-kicks-off-12-3-billion-bond-sale-for-meta-data-center.md", "text": "https://wpnews.pro/news/blackrock-kicks-off-12-3-billion-bond-sale-for-meta-data-center.txt", "jsonld": "https://wpnews.pro/news/blackrock-kicks-off-12-3-billion-bond-sale-for-meta-data-center.jsonld"}}