BlackRock raises US$12.5 billion debt for Meta data centre

Published Jul 27, 10:27 PM UTC

BlackRock has successfully raised US$12.5 billion in debt financing for Meta's data centre project. The 2048 note was sold at a yield premium of 2.875 percentage points over 10-year Treasury yields, according to a source. The proceeds will be used to fund a data centre campus in El Paso, Texas, which is expected to provide up to one gigawatt of computing capacity, primarily for artificial intelligence workloads. The article was published by The Business Times Singapore on July 28, 2026.