According to a report by Cailian Press on July 21, 2026, BlackRock plans to issue over $12 billion in bonds to finance Meta's data center campus in El Paso, Texas, USA. These bonds are expected to be priced early next week and will be issued by a holding company that owns 80% of BlackRock's stake in Project Sopaipilla Holdings, with Meta holding a 20% stake in the project. This financing will drive a bond issuance boom in global AI infrastructure construction while increasing valuation pressure on bonds in the tech sector.
