Facebook Parent Meta Platforms Inc. has asked banks to hold investor meetings for the sale of potential bonds, the first company.

Meta has asked Morgan Stanley, JPMorgan Chase & Co., Bank of America Corp., and Barclays PLC to arrange a series of fixed income investors on Wednesday, according to someone who is familiar with the problem. Unsecured Debt Offer can follow the person, said the person.

Unlike many big hat technology colleagues who have borrowed at a low price despite a pile of large cash, Meta has been out of the bond market until now. This is one of only 18 companies in S&P 500 without short -term or long -term debt, not including rental obligations, in the latest quarter, according to data collected by Bloomberg.

“Meta can build a new capital structure that includes the first bonds, issuing more than $ 10 billion to potentially use equity and debt holders, follow the results of the weak first round, and more than 50% of the decline in the value of its equity,” said Bloomberg intelligence analyst Robert Schiffman. “Increased capital expenditure that focuses on metaverse, along with the increasing purchase of shares, can be supported with tens of billions of low -cost debt on theoretically as a 2022 free cash flow contract.”

Meta currently has the capacity to spend as much as $ 50 billion in debt, according to BI. Meta has around $ 40.5 billion in cash and is equivalent to hand on June 30. The company’s shares fell 52% years amid an increase in competition from Tiktok, economic concern and anxiety investor over the executive head of Mark Zuckerberg to SO- called Metaverse.

S&P Global Ratings established Meta A-AA-Investment-Grade Rating Wednesday, while Investor Moody services provide A1 ranking technology giant, one level lower.

“A1 publisher rating is based on a strong Meta credit profile that reflects the leading global position of its platform brand in social networks, supported by a broad user base,” Moody said in a report.