Meta plans to raise $8.5 billion in a five-part deal, according to a person familiar with the matter. The longest of the bonds, a 40-year note, will yield 192 basis points over Treasuries, down from an initial 215 basis points.

Eleven companies filed bond issuance plans on Monday, with issuers hoping to sell bonds before Wednesday's Federal Open Market Committee (FOMC) meeting and the subsequent interest rate decision.

Meta issued its first corporate bond last year to raise $10 billion. The person familiar with the matter said Meta plans to use the new funds to fund capital expenditures, repurchase outstanding common shares, and for acquisitions or investments. (Jinshi)