BlackRock bets $3 billion on AI facilities, while Meta's $27 billion financing sets a new record for private sales in bond issuance.

On October 22, Jin10 reported that recently, foreign media reported that BlackRock has become one of the largest investors in the $27 billion private sale bond financing needed for Meta Platforms (META.O) to build a data center in Louisiana. According to insiders, BlackRock purchased over $3 billion in bonds last week to finance the data center project named “Hyperion.” According to S&P information, the project is 80% owned by the private credit management firm Blue Cat Capital, while Meta holds the remaining 20%. This transaction is noteworthy partly because of its scale - it is the largest private sale bond financing in history to date; on the other hand, it has received an investment-grade rating. S&P has given this batch of bonds an A+ rating, recognizing Meta's endorsement role in the project. However, the yield at the time of issuance was as high as 6.58%, a level typically seen only in the junk bond market.