BlackRock (BLK) started marketing $12.3 billion in high-grade bonds to finance a Meta Platforms (META) data center project, Bloomberg News reported Friday, citing a person familiar with the matter.

A holding company linked to the asset manager is offering a single tranche of notes maturing in 2048 at a premium of roughly 2.875 percentage points above Treasuries, the news outlet quoted the person as saying.

The sale proceeds will support a Texas facility expected to deliver up to 1 gigawatt of computing power, with BlackRock units holding 80% stake and Meta owning the rest, according to the report.

BlackRock and Meta Platforms did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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