The offering would help Meta<\/a>, the only one among big technology companies without debt on its books, to build a more traditional balance sheet and fund some expensive initiatives, such as its metaverse<\/a> virtual reality<\/a>.
Other tech giants such as Apple Inc<\/a> and Intel Corp<\/a> also issued bonds<\/a> recently, raising $5.5 billion and $6 billion, respectively.
In late July, Meta posted a gloomy forecast and recorded its first-ever quarterly drop in revenue, with recession fears and competitive pressures weighing on its digital ads sales.
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