BlackRock is seeking to sell more than $12B of bonds to help finance a data center campus in El Paso, Texas. The deal is part of a broader wave of debt issuance supporting tech companies’ large AI-related capital spending. While incremental for markets, the size of the issuance could be a modest catalyst for credit/bond investors.
BlackRock is seeking to sell more than $12B of bonds to help finance a data center campus in El Paso, Texas. The deal is part of a broader wave of debt issuance supporting tech companies’ large AI-related capital spending. While incremental for markets, the size of the issuance could be a modest catalyst for credit/bond investors.
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mildly positive
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