Oct 30 (Reuters) - Meta Platforms Inc ( META ) is

targeting at least $25 billion in a bond sale, Bloomberg News

reported on Thursday, citing people familiar with the matter.

Fixed-income news service IFR said the parent of Facebook

and Instagram has filed for a six-part bond sale without

disclosing a size, and was marketing bonds with maturities

ranging from five to 40 years.

Citigroup and Morgan Stanley are leading the offering, IFR

reported.

The longest-dated notes are being offered at around 1.4

percentage points over comparable U.S. Treasuries, Bloomberg

News said.

Meta did not immediately respond to a Reuters request for

comment.

Meta on Thursday forecast "notably larger" capital expenses

next year due to investments in artificial intelligence and data

centres. The company also reported third-quarter revenue growth

of 26% that beat market estimates, but that jump was outpaced by

a 32% increase in costs.

Meta last tapped the bond market in 2022 with a $10 billion

sale.