7/27/2026
BlackRock Is Selling $12.3 Billion in Bonds to Fund a Meta Data Center. Wall Street Is Watching to See Who Buys
The debt-financed AI buildout just got its next major test. BlackRock began marketing $12.3 billion in high-grade bonds Friday to fund a massive data center campus in El Paso, Texas, built to power Meta Platforms’ artificial intelligence workloads. The offering is being sold through a single tranche of notes due in 2048, with price talk at approximately 2.875 percentage points over Treasuries. JPMorgan Chase and Morgan Stanley are running the offering.
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