Meta Platforms Inc appeared as the first mega-cap technological company to knock the US investment-grade bond market due to financial sector turmoil that toppled five banks since March.

Meta, which reported last week incomes, elevated $8.5 billion in a five-part deal, according to a report. The longest offering includes a 40-year security, which yields 192 bps over Treasuries, less than initial discussions for about 215 bps.

On Monday, 11 companies came with bond offerings as issuers considered selling out debt before the Federal Open Market Committee meeting and subsequent rate decision conducted on Wednesday.

Other prominent high-grade issuers were Hershey’s, selling $750 million in bonds, and Comcast Corporation, estimating a $5 billion, four-part deal. Around $22 billion was set to price on the day.

The possibility of issuance amid JPMorgan Chase’s rescue of First Republic Corporation stands beside the reaction seen in the primary market to the banking crisis in March.

Around eight potential issuers stood down days after Silicon Valley Bank’s (SVB) collapse. The decline amid March issuance was about $100 billion, well below forecasts of $150 billion. Meta raised $10 billion in its first corporate bond issue in 2022.

Bank of America, JPMorgan, and Morgan Stanley were the book runners on Meta’s deal.