To broaden financing channels for massive AI investment, Meta (META.US) reaches out to European bond investors and may enter the non-dollar bond market for the first time.

According to Jinse Finance APP, as the artificial intelligence boom drives capital expenditures by major tech companies ever higher, tech giants are increasingly turning to different global bond markets for financing sources. According to sources, Facebook’s parent company Meta Platforms (META.US) has been conducting non-deal roadshows with bond investors in Europe for at least the past week, drawing market attention to whether this tech giant may enter a bond market outside the US dollar for the first time.

Sources stated that Meta did not disclose specific timing for a potential bond issuance during this investor meeting. The market generally expects Meta may issue bonds again in the future, but this European roadshow does not mean the company has officially decided to raise funds there.

Non-deal roadshows are typically meetings between companies and investors without the formal launch of a bond offer, allowing the company to introduce its credit profile, latest performance, development strategy, and future outlook, while providing opportunities for interaction between investment analysts and the management team. Unlike formal bond mandates, such roadshows do not guarantee the company will ultimately access funding in that market.

If Meta ultimately chooses to issue bonds in Europe, it would mark a notable milestone. Meta has never issued debt outside the US dollar bond market before. The company’s most recent public US dollar bond financing was in April this year, when it raised $25 billion through a six-part bond issuance. As Meta explores the European bond market, global cloud computing and technology companies are accelerating their pursuit of non-dollar funding channels to raise capital for massive AI and data center investments.

This week, Amazon (AMZN.US) entered the British pound bond market for the first time, raising £4.25 billion (about $5.75 billion) through a four-part bond deal, instantly becoming one of the largest corporate borrowers in the local market. Previously, Amazon also debuted in the euro bond market, completing the largest ever corporate bond deal denominated in euros. It has also since entered the Swiss franc and Canadian dollar bond markets, where the scale of its Canadian dollar bond issuance also set a record.

Alphabet (GOOGL.US) has likewise been actively seeking funds in global bond markets this year. The company has successively entered the euro, pound, yen, Canadian dollar, Swiss franc, and Australian dollar bond markets, illustrating that major tech companies are diversifying their sources of funding for AI infrastructure construction by expanding both the currencies they borrow in and their investor bases.

In addition to traditional unsecured corporate bonds, Meta has also raised capital for data center projects through multiple off-balance-sheet financing arrangements.

However, as financing for AI infrastructure expands rapidly, investors’ capacity to absorb related debt has become a topic of concern. Previously, when BlackRock issued a corporate bond for Meta’s data center project in Texas, market demand was weaker than usual, resulting in the bond’s coupon exceeding 7.5%.