# BlackRock Kicks Off $12.3 Billion Bond Sale for Meta Data Center > Source: > Published: 2026-07-24 13:09:57+00:00 (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. Most Read from Bloomberg - [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) - [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) - [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) - [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) Sopaipilla 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. Proceeds 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%. JPMorgan Chase & Co. and Morgan Stanley are running the offering. Most Read from Bloomberg Businessweek - [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) - [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) - [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) - [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) ©2026 Bloomberg L.P.