By Walter Grand in Economy —

Meta* issued bonds for the first time in history

Meta* issued bonds for the first time in history
Photo by Dima Solomin / Unsplash

The company raised $10 billion in its first bond issue. Meta* hopes to finance a share buyback and invest in business modernization.

Meta* has long been the only debt-free company among IT giants. Now, however, it is being forced to rebuild its traditional business. The company has several costly initiatives that require urgent financing.