BlackRock Dodges AI Bond Flop as $12.3 Billion Debt Deal Rallies

Bonds that BlackRock Inc. is selling, tied to a Meta Platforms Inc. data center project in Texas, rallied in early trading on Monday before the notes were formally priced, signaling...

By Davide Barbuscia and Michael Gambale · Bloomberg Markets

Bonds that BlackRock Inc. is selling, tied to a Meta Platforms Inc. data center project in Texas, rallied in early trading on Monday before the notes were formally priced, signaling demand for the securities may be stronger than it initially appeared.