BlackRock is offering $12.3 billion in high-rated bonds to fund Meta Platforms' data center project. The bond was issued by Sopaipilla Investor and will expire in 2048. The initial pricing guidelines are about 2.875 percentage points premium over 10-year US Treasury bonds. The funds raised from this sale will be used to build a data center campus in El Paso, Texas, USA, which is expected to provide up to 1 gigawatt of computing power for AI workloads.

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