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BlackRock raises US$12.5 billion debt for Meta data centre
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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.
Source report
BlackRock has raised US$12.5 billion in debt financing for a Meta data centre project, according to a source familiar with the matter.
The 2048 note was priced at a yield premium of 2.875 percentage points over 10-year Treasury yields.
Project Details
- Proceeds will fund a data centre campus in El Paso, Texas
- The facility is expected to provide as much as one gigawatt of computing capacity for AI workloads
Source
The Business TimesRegional
Part of this Story
BlackRock seeks over $12B in bonds for Meta AI data center in Texas