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BlackRock Dodges AI Bond Flop as $12.3 Billion Debt Deal Rallies

Bloomberg Markets Monday 27 July 2026, 20:56 UTC By Davide Barbuscia and Michael Gambale 1 min read
Key Points

BlackRock Dodges AI Bond Flop as $12.3 Billion Debt Deal Rallies Bonds that BlackRock Inc. is selling, tied to a Meta Platforms Inc. data center project in Texas, rallied in early trading on Monday before the notes were formally priced, signaling demand for the securities may be stronger than it initially appeared. BlackRock is due to price a $12.3 billion debt offering tied to a Meta data center project in El Paso, Texas. JPMorgan Chase & Co. and Morgan Stanley are managing the sale.

BlackRock Dodges AI Bond Flop as $12.3 Billion Debt Deal Rallies Bonds that BlackRock Inc. is selling, tied to a Meta Platforms Inc. data center project in Texas, rallied in early trading on Monday before the notes were formally priced, signaling demand for the securities may be stronger than it initially appeared. BlackRock is due to price a $12.3 billion debt offering tied to a Meta data center project in El Paso, Texas. JPMorgan Chase & Co. and Morgan Stanley are managing the sale.
BlackRock Dodges AI Bond Flop (ORG) BlackRock Inc. (ORG) Meta Platforms Inc. (ORG) Texas (LOCATION) BlackRock (ORG) Meta (ORG) El Paso (LOCATION) JPMorgan Chase & Co. (ORG) Morgan Stanley (ORG)
Originally published by Bloomberg Markets Read original →

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