Oracle Prepares $20 Billion Bond as Meta Goes to Euros

Oracle is preparing a $20 billion bond sale to finance AI expansion and Meta has launched its first euro-denominated issue, both reported on Wednesday, 4 November. Meta had already priced $15 billion of dollar debt days earlier, so the euro move reads as a search for a second investor base rather than a single opportunistic trade. Together they confirm that AI capex is being funded in public credit markets while the revenue it depends on remains unbooked.