Meta Platforms(US:META) 智通财经网·2025-11-13 01:19Group 1 - The annual issuance of U.S. investment-grade corporate bonds has reached the second-highest level on record, totaling $1.499 trillion, slightly surpassing last year's $1.496 trillion [1] - The favorable financing environment is driven by strong investor demand and global central banks lowering policy rates, although issuance is unlikely to reach the historical peak of $1.75 trillion in 2020 [1] - Global bond issuance has surpassed $6 trillion for the first time this year, setting a historical record [4] Group 2 - The issuance of high-rated bonds in the U.S. has accelerated, partly due to Meta Platforms issuing a $30 billion bond, the largest investment-grade bond issuance in over two years, contributing to a record monthly issuance in October [4] - The average spread in the secondary market fell to 0.72 percentage points in September, the lowest level since 1998, as investors rushed to purchase investment-grade corporate bonds before the Federal Reserve's rate-cutting cycle [4] - Approximately $1 trillion in bonds is set to mature by 2025, leading to expectations of heightened issuance activity in the U.S. investment-grade bond market next year as companies refinance maturing debt [4]