Meta’s Jumbo Bond Sale Draws Record $125 Billion of Orders

Meta Platforms Inc. has received orders of about $125 billion for a corporate bond sale, according to people with knowledge of the matter, the most ever for such an offering.

The demand for the deal, expected to be at least $25 billion in size, surpasses the previous record set back in 2018 when CVS Health Corp. sold $40 billion of bonds to help fund its purchase of Aetna Inc. In that debt sale, investors placed $120 billion of orders, Bloomberg-compiled data show.

The massive interest from investors signals hunger to get exposure to companies that are spending aggressively on ...